The GBPJPY pair faced strong bearish pressures yesterday, which forced it to break extra support at 212.55, to reach the main bullish channel’s support at 211.50, which forms a detecting key for the main trend in the upcoming trading.

The stability above the bullish channel’s support and stochastic attempt to provide bullish momentum that might help it to renew the bullish attempts that might target 212.35 and 212.70, while the decline below the current support and providing negative close will confirm its move to the negative track, to suffer big losses by reaching 211.05 and 210.60.

The expected trading range for today is between 211.40 and 212.70

Trend forecast: Bullish

Platinum price continued forming strong bullish waves yesterday, to record the suggested targets in the previous report by hitting $2435.00 level, but its neediness to bullish momentum that pushed it to form new corrective rebound to settle near $2330.00.

Reminding you that the bullish scenario will remain valid, depending on the continuation of forming extra support at $2235.00, therefore, we will keep waiting for the price success in gaining bullish momentum to pave the way to reach 2465.00 level to find a way to record new historical gains in the upcoming period.

The expected trading range for today is between $2280.00 and $ 2440.00

Trend forecast: Bullish

Copper price provided a new negative close below the barrier at$5.9700, announcing to delay the bullish attack, to begin activating the bearish corrective trend by reaching $5.7900 initially, approaching the initial suggested target in the previous report.

Stochastic exit from the overbought level will increase the negative pressure on the price, which makes us keep the bearish corrective suggestion, to expect targeting $5.6000 level, to press on the extra support at $5.5100.

The expected trading range for today is between $5.6000 and$5.8600

Trend forecast: Bearish correctly

The (ETHUSD) price fluctuated sharply on its last intraday levels, amid its attempts to gain bullish momentum that might help it to recover and rise again, with the emergence of negative signals from relative strength indicators, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on near-term basis.