The GBPJPY pair provided mixed trading yesterday, affected by the contradiction between the main indicators, which might cause activating the bearish corrective track, so the stability below 206.90 forms main factor to confirm the negative suggestion in the near-term trading, therefore, we will keep waiting for its activation with stochastic negativity, to begin targeting corrective stations that might begin at 203.75.

Note that the price attempt to rally above 206.00 may delay the corrective trading in the current period, paving the way for retesting the mentioned barrier before reaching the suggested corrective targets.

The expected trading range for today is between 203.75 and 206.00

Trend forecast: Bearish 

Platinum price succeeded in confirming the bullish scenario by providing new positive closes above $1492.00 support, to rally towards $1566.00 to approach from the initial target waited in the previous report.

The continuation of providing positive momentum by stochastic surpassing 50 level will increase the chances of recording extra gains, to expect targeting the initial barrier at $1605.00 level, and surpassing it will open the way for reaching new stations that might begin at $1645.00 and $1695.00.

The expected trading range for today is between $1520.00 and $1605.00

Trend forecast: Bullish

Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.

We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Fluctuated

The (ETHUSD) price declined in its last intraday trading, to gather its bullish momentum that may help it to breach the current resistance at $2,950, attempting to surpass the negative pressure of EMA50, amid the dominance of bullish corrective wave on the intraday basis, supported by the emergence of the positive signals on the relative strength indicators, but the bearish trend remains the dominant and its trading alongside trend line.