The GBPJPY pair took advantage of the positive pressures that come from providing positive momentum by the main indicators, surpassing the barrier at 195.70 and achieving clear gains by reaching 197.15.

We expect the continuation of suffering positive pressures, breaching 61.8%Fibonacci correction level at 197.45, opening the way for recording extra gains that might extend to 198.25 and 198.80, while the failure of breaching it will force it to provide mixed trading and there is a chance for retesting 195.70 level.

The expected trading range for today is between 196.20 and 197.90

Trend forecast: Bullish

Platinum price remains affected by the dominance of the bearish correctional bias, due to the new negative close below the barrier at $1342.00, forcing it to delay the bullish attack and attempting to resume gathering the gains, to keep waiting for reaching $1290.00 followed by the extra support at $1255.00.

While the price success to breach the barrier and holding above it, which makes us begin preferring the bullish attempts that might help it to surpass the moving average 55 at $1358.00, then wait for hitting the initial positive target near $1410.00.

The expected trading range for today is between $1290.00 and $1330.00

Trend forecast: Bearish

Copper price didn’t move any thing until this moment, announcing its surrender to the dominance of the sideways bias temporarily until ending the contradiction between the main indicators, reminding you that the bullish scenario will remain valid, depending on the stability of the bullish channel’s support at $4.0500, besides the continuation of forming extra support at $4.2600 level, reducing the chances for suffering any extra losses.

While the price success in gaining the positive momentum will provide chance to begin achieving some gains, to expect its rally to $4.6300 initially, attempting to step above 100%Fibonacci correction extension level at $4.7500, to open the way for recording more of the gains in the upcoming period trading.

The expected trading range for today is between $4.2600 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, due to testing bearish correctional trend line on the short-term basis, accompanied by the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, reinforcing the negative pressure, despite the dynamic support that is represented by its trading above EMA50, which provides weak chance for breaching this area and rally to the upside.

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