The GBPJPY pair continued to provide mixed trading within the bullish channel’s levels, approaching from the correctional target at 197.85, affected by stochastic negativity that fluctuates below 50 level as appears in the above image.
Reminding you that the bullish scenario will remain valid unless the price settles above the extra barrier at 198.80, increasing the chances for reaching 197.85 and 197.40, while the price success to breach the barrier will open the way towards recording several gains that might begin at 199.60 and 200.35.
The expected trading range for today is between 197.85 and 199.00
Trend forecast: Fluctuated within the bullish track
Despite Platinum price fluctuation in tight range, but its repeated fluctuation above $1366.00 level assists to confirm the bullish scenario in the upcoming trading, stochastic attempt to provide the positive momentum will ease the mission of targeting the positive stations that are located near $1420.00 and $1457.00.
Note that the price decline below $1366.00 and providing negative close will force it to delay the bullish attack, and providing some of the correctional trading that might push it to test $2.00 Fibonacci extended level near $1333.00.
The expected trading range for today is between $1365.00 and $1420.00
Trend forecast: Bullish
Copper price continues calm sideways trading in the last period, attempting to gather extra positive momentum to reinforce the continuation of the positivity that depends on the stability above the support level at $5.3200.
Therefore, we will keep our bullish expectation of the target $5.4700 level, reaching the next main target at $6.0400, while the trading below the support will force the price to provide some bearish correctional trading to target $5.1500 and $4.9800 level before any attempt to record any of the extra targets.
The expected trading range for today is between $5.3500 and $5.7200
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), in attempt to gain a positive momentum that might assist it to recover and rise again, amid the continuation of the positive pressure, due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.