The GBPJPY pair opened today’s trading positively, taking advantage of its stability above the sideways track’s support at 208.20 level, attempting to surpass 209.15 barrier.

Stochastic rally above 50 level will provide a new bullish momentum, which makes us wait for confirming breaching the current barrier to open the way of targeting several positive stations that might begin at 210.65 reaching the next main target near 211.70, while the decline below 208.20 and providing a negative close will confirm its move to a new bearish phase, which forces to suffer extra losses by reaching 207.05 initially.

The expected trading range for today is between 208.50 and 210.65

Trend forecast: Bullish

Platinum price affected by the contradiction between the main indicators in yesterday’s trading, specifically by stochastic stability below 80 level, to obstruct the bullish rally to force it provide some sideways trading by its stability near $2140,00.

Note that holding above $2020.00 extra support makes us keep the bullish scenario, which might target $2245.00 level, and surpassing this barrier will make it achieve extra gains by its rally towards $2315.00 and $2425.00.

The expected trading range for today is between $2080.00 and $2245.00

Trend forecast: Bullish

Copper price kept providing bullish trading, to move away from $5.5100 support, taking advantage of providing bullish momentum by the main indicators, to settle near $5.8500.

The price needs extra positive momentum, which allows it to settle above $5.9700 level, to confirm its readiness to record extra gains by its rally towards $6.1200 and $6.2400, while the failure to breach $5.9700 might force it to provide mixed trading with a new chance to activate the bearish corrective track in the upcoming period trading.

The expected trading range for today is between $5.7200 and $5.9700

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, approaching from hitting the expected target in our previous analysis $1,800 key support, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis, especially with the emergence of negative signals from relative strength indicators, after offloading its oversold levels, intensifying the likelihoods of breaking thus key support.