The GBPJPY pair formed several bullish waves, benefiting from its main stability above 213.50 support, recording 215.50 level, forcing it to form some sideways trading as it represents an intraday barrier against the bullish trend.
The price might be forced to provide some mixed trading, to keep waiting to gather extra positive momentum, to ease the mission of achieving extra gains by its rally towards the next barrier at 216.10, which represents a confirmation key for the main trend in the futuristic trading.
The expected trading range for today is between 214.75 and 216.10
Trend forecast: Bullish
There is no change for Platinum price’s trading by its stability in sideways range near $1930.00 level, due to the contradiction of the main indicators, especially by forming a key barrier by the moving average 55 stability at $2000.00 level.
MoreCopper price continued forming bullish waves, achieving clear gains by reaching $6.6300 level, facing the recently achieved historical top to settle near it.
MoreEthereum (ETHUSD) declined in recent intraday trading after breaking $1.920 support level, which was expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery on the near-term basis, especially with the emergence of negative signals from the relative strength from the relative strength indicators, despite reaching oversold levels.
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