The GBPJPY pair suffered strong bullish pressures, pushing it to settle above 206.00 level, forming new bullish rally to press on the barrier at 206.90, attempting to record extra gains by hitting 207.20 level.

Note that stochastic attempt to reach the overbought level, which might provide a new bullish momentum to push it to provide more of the bullish waves by targeting the bullish channel’s resistance towards 207.65, while activating the bearish corrective scenario requires forming a sharp decline, which allows it to break the extra support at 205.20.

The expected trading range for today is between 206.25 and 207.65

Trend forecast: Bullish

Platinum price resumed its bullish attack since morning, hitting the initial target at $1645.00, to form sideways trading to gather extra positive momentum.

The price needs a new positive close above %261.8 Fibonacci level at $1605.00 level, increasing the efficiency of the bullish track by its rally towards $1645.00 then attempts to reach the next station near $1695.00.

The expected trading range for today is between $1580.00 and $1690.00

Trend forecast: Bullish

Copper price succeeded in recording some gains by hitting $5.1200 level, depending on the positive factors that are represented by the stability of the support level at $4.7500, besides the continuation of the positive factors that are represented by the support at $4.7500 besides the continuation of the attempts to provide bullish momentum by the main indicators.

Reminding you that surpassing the barrier at $5.2000 and holding above it is important to reinforce the efficiency of the bullish scenario, then begin targeting new positive stations by its rally towards $5.3200 and $5.5000. 

The expected trading range for today is between $4.9800 and $5.2000

Trend forecast: Bullish

 The (ETHUSD) price rose in its last intraday trading, supported by its continuous trading above EMA50, representing dynamic support that provides renewed bullish momentum, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, to reach the resistance of the main bearish trend line on the short-term basis, if it breaches it this will be announcement for its momentum to continue the corrective rise on the near-term basis.