The GBPJPY pair took advantage of the positive factors by forming extra support at 206.90 level, by providing positive momentum by the main indicators, to rally towards 208.90 yesterday, achieving the initial extra target in the previous report, forcing it to form sideways trading to gather the extra bullish momentum.
No escape from resuming the bullish attack, breaching 208.60 level make us expect targeting new bullish stations by its rally towards 209.30 reaching 261.8%Fibonacci extension level near 209.75.
The expected trading range for today is between 208.00 and 209.75
Trend forecast: Bullish
Platinum price ended the last bullish rally after facing the barrier at $1695.00, to settle below it to form mixed trading by its fluctuating near $1665.00.
The price keeps providing mixed trading, but stochastic attempt to provide bullish momentum to breach the previously- mentioned barrier, reinforcing the chances of recording extra gains that might begin at $1715.00 and $1745.00, while the risk of changing the trend is represented by breaking the support at $1605.00, which forces it to suffer big losses by reaching $1575.00 initially.
The expected trading range for today is between $1645.00 and $1745.00
Trend forecast: Bullish
There is no change on copper price, despite forming mixed trading due to its stability above the extra support near $5.1300, increasing the chances of its activation with the positivity of the main indicators.
Stochastic stability within the overbought level will provide new positive momentum to ease the mission of resuming the bullish attack, reminding you that the stability of the next main target near $5.5000, while the decline below the current support might force it to form temporary corrective trading, and there is a chance for the decline towards $4.9500 reaching the main support near $4.7500.
The expected trading range for today is between $5.1850 and $5.5000
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, after reaching our last expected target at $3,370, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indictaors, especially with the emergence of negative overlapping signals, to gather its bullish momentum that may help it to breach the resistance, supported by its continuous trading above EMA50, and under the dominance of the bullish corrective trend on the short-term basis.