The GBPJPY pair formed new bullish wave this morning by surpassing 195.60 barrier, hinting postponing the negative track, noticing targeting 23.6% Fibonacci correction level at 196.38.

In case trades continued to consolidate above 195.60, that will increase the chances of resuming the positive attempts, to target 197.00 and 197.60 levels soon, while turning back to settle below 195.60 will increase the efficiency of the correctional bearish track, waiting to target 194.60 level first, followed by repeating the pressure on 193.90 support line.

The expected trading range for today is between 195.40 and 197.00

Trend forecast: Bullish

Platinum price failed to confirm breaching 1015.00$ barrier, to notice providing weak sideways fluctuation near 1005.00$, attempting to face stochastic negativity that settles now below 80 level.

We assure the importance of gathering the additional positive momentum to manage to confirm the required breach and ease the mission of targeting the additional station at 1042.00$ and 1065.00$, noting that it is important to hold above 983.00$ support line to avoid any losses that might appear due to changing the trend now.

The expected trading range for today is between 1000.00$ and 1042.00$

Trend forecast: Bullish

Copper price didn’t record any new positive target until now, while the frequent positive stability above 4.2600$ support line forms major factor to confirm the continuation of the waited positivity.

Stochastic rally above 50 level allows us to get the required momentum to start activating the bullish track, waiting to attack 4.5300$ level, while surpassing it will push the price to reach 4.6900$ barrier, which forms the key to detect the next main trend.

The expected trading range for today is between 4.3100$ and 4.5300$

Trend forecast: Bullish

Ethereum price (ETHUSD) continued to decline to reach the critical support 2623.77$ by today’s open, noticing that the price attempts to consolidate above this level, as the EMA50 meets this level to add more strength to it, while stochastic begins to provide positive signals now.

Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the next targets extend to 2905.30$, noting that breaking 2623.77$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 2550.00$ support and 2760.00$ resistance.

Trend forecast: Bullish