The GBPJPY pair confirmed its surrender to the dominance of the bearish correctional bias by its stability below 200.40 level, forming a key for detecting the expected trend in the near trading, the price needs a new negative momentum to begin targeting the correctional stations that are located at 198.60 reaching the initial support at 197.85.

Note that the price success to breach the barrier and holding above it will open the way for resuming the bullish attack, to expect achieving several new gains by reaching 200.90 initially, then targeting 161.8%Fibonacci extension level near 202.45.

The expected trading range for today is between 198.65 and 200.30

Trend forecast: Bearish

Platinum price returned to settle above $1382.00 level, increasing the efficiency of the bullish track, fluctuating near the initial target at $1400.00, the continuation of the attempts to provide positive momentum by the main indicators will increase the chances of resuming the bullish attack, to expect its rally towards $1412.00, then attempts to press on the barrier near $1435.00.

While the price return to settle below $1382.00 will force it to delay the bullish attack and form new correctional waves, which forces it to suffer some of the losses before resuming the main bullish attack by reaching $1362.00.

The expected trading range for today is between $1382.00 and $ 1412.00

Trend forecast: Bullish

No escape from activating the bullish attack on copper price, due to the unionism of the main indicators by providing positive momentum by stochastic exit from the oversold level, to notice its fluctuation near $4.5000.

The stability above the extra support at $4.2600 reinforces the chances for activating the bullish attack, reaching the initial target at $4.6200, then attempts to press on the barrier at $4.7500 to find an exit to resume the rise in the upcoming period.

The expected trading range for today is between $4.4200 and $4.7500

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, due to the stability of the critical support at $4,250, providing renewed positive momentum that faces the negative pressures and forces it to move in tight range of sideways trading, amid the continuation of the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the (RSI), and under the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line.

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