The GBPJPY pair suffered extra negative pressures, due to stochastic decline to 20 level, which forces it to suffer some losses by reaching the extra support at 98.60 level, to settle above it.

Note that the price success in holding above 198.60 will reinforce the chances for forming bullish waves, to expect its rally towards 199.55, then attempts to press on the barrier near200.45 to find an exit to resume the bullish attack, while breaking the current support might force it to suffer more of the losses, to expect reaching 100% Fibonacci extension level at 197.80 before any attempt to activate the bullish track.

The expected trading range for today is between 198.55 and 200.45

Trend forecast: Bullish

Platinum price failed to breach $1605.00 barrier, which forced it to provide mixed trading by testing extra support at $1525.00, to form new bullish rally towards $1570.00, to confirm the continuation of the suggested bullish attempts.

We expect the continuation of the mixed trading until gathering the required bullish momentum to breach the mentioned barrier, to open the way towards achieving extra gains that might begin at $1642.00 reaching $1690.00.

The expected trading range for today is between $1550.00 and $1605.00

Trend forecast: Sideways 

Copper price settled above $4.7500 level, increasing the efficiency of the suggested bullish trend, hitting 4.8500 level again.

The unionism of the main indicators to provide positive momentum by forming extra support at $4.5600 level, these factors will support renewing the bullish attempts, that target $4.9500 level reaching the next main target near 5.3200.

The expected trading range for today is between $4.6700 and 4.9500

Trend forecast: Bullish

The (ETHUSD) price settled with gains in its last intraday trading, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive trend line for this track, with the continuation of the positive pressure due to its trading above EMA50, representing dynamic support that helps the price rise, with the positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them.

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