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The GBPJPY needs a new momentum– Forecast today – 16-4-2026
The GBPJPY pair forced it to provide sideways trading by its stability near 215.50 level, affected by stochastic exit from the overbought levels, the price might be forced to provide some bearish corrective trading, however it couldn’t affect the main bullish track, depending on forming extra support level at 214.15 level.
Therefore, we will keep our main bullish scenario, to gather extra positive momentum, to ease the mission of reaching extra positive stations that might begin at 216.20 and 217.00.
The expected trading range for today is between 214.55 and 216.20
Trend forecast: Bullish
Platinum price remains positive– Forecast today – 16-4-2026
Despite the weakness of Platinum price’s trading, and there are positive factors that are represented by the main stability above $1950.00 support with the positive momentum by the main indicators by its fluctuation near $2140.00 level.
The continuation of forming bullish waves until reaching $2205.00 barrier, and surpassing it will open the way for reaching new stations that might begin at $2255.00 and $2290.00.
The expected trading range for today is between $2090.00 and 2205.00
Trend forecast: Bullish
Copper price repeats the positive close– Forecast today – 16-4-2026
Copper price provided positive close above $5.9700 level, which represents a strong barrier against the bullish attempts to confirm its readiness to resume the bullish attack, reaching $6.10500.
Note that stochastic fluctuation within the overbought level will increase the chances of targeting new positive stations by its rally towards $6.1550 reaching the next resistance at $6.2500.
The expected trading range for today is between $6.000 and $6.1550
Trend forecast: Bullish
Ethereum price (ETHUSD) prepares to attack a key resistance - Analysis- 16-04-2026
Ethereum price (ETHUSD) rose slightly during its recent intraday trading, preparing once again to test the key resistance level at 52,380, supported by continued trading above its EMA50, which reinforces the stability and dominance of the main short-term bullish trend. The price is also moving alongside a trendline that supports this bullish path. In addition, positive signals continue to emerge from relative strength indicators after previously reaching oversold levels.