The GBPJPY pair ended its last bullish attempts by facing 200.40 barrier, forming a strong obstacle to force it to form some bearish waves, to settle near 198.70.
Stochastic begins to provide negative momentum by reaching below 50 level will increase the negative pressure, to expect the price attempt to test the support at 197.85, and breaking it will force it to suffer extra losses that might extend to 197.20 and 196.30.
The expected trading range for today is between 197.85 and 199.40
Trend forecast: Bearish
Platinum price failed to surpass the barrier at$1426.00, forming temporary correctional rebound to gather some of its gains by testing extra support at $1383.00, to renew its positive action by its fluctuation near$1400.00.
Stochastic attempts to provide positive momentum will increase the chances of attacking the barrier at $1426.00 and surpassing it will open the way for recording extra gains that might extend to $1455.00 and $1480.00.
The expected trading range for today is between $1390.00 and $1455.00
Trend forecast: Bullish
The (ETHUSD) price witnessed fluctuated trading in its last intraday levels, due to the stability of the key support at $4,250, gaining the bullish momentum that helped it to settle temporarily, as the price is under negative pressure that comes from its trading below EMA50, amid the dominance of the bearish correctional trend on the short-term basis, and its trading alongside a bias line, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.
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The (Brent) price declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, and attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, this comes amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the positive momentum.
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Subscribe via TelegramFull VIP signals performance report for August 25–29, 2025: