The GBPJPY pair succeeded in confirming the bullish scenario by its stability above the bullish channel’s support at 212.45 level, forming strong bullish wave to settle near 213.15.

Providing bullish momentum by the main indicators will reinforce the chances of surpassing the initial target to 213.45, to expect strong bullish trading, reaching 214.10 followed by the next main target at 214.90.

The expected trading range for today is between 212.70 and 214.10

Trend forecast: Bullish

Platinum price lost the bullish momentum yesterday, which forces it to provide mixed trading after achieving the waited target by reaching $2550.00 level, to end the stability above the extra support level at $2320.00, confirming the stability of the bullish scenario.

Stochastic attempt to reach overbought level might help it to provide bullish momentum, providing a new chance for providing bullish trading to reach $2520.00, attempting to breach the new high and reaching the next main target near $2602.00.

The expected trading range for today is between $2400.00 and $2520.00

Trend forecast: Bullish

Copper price approached the initial corrective target yesterday at $5.6500, to confirm delaying the attempts to resume the bullish trend due to its stability at $5.9700, besides providing negative momentum by its continued leaning below 80 level as appears in the above image.

Therefore, we will keep preferring the temporary negative attempts, which might target $5.6200 and $5.5100, while regaining the bullish trend requires a positive close above the mentioned barrier, to reinforce the chances of recording new historical gains that might begin at $5.6200 and $5.8500.

The expected trading range for today is between $5.6200 and $5.8500

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels, retesting $3,060 key resistance, affected by breaking main bullish trend line on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of recovery on near-term basis.