The GBPJPY pair formed more of the bullish waves yesterday, taking advantage of its stability above the extra support at 201.70, to ease the mission of recording the extra targets by its rally towards 204.45, then retesting 1.809% Fibonacci extension level near 203.85.

The continuation of providing positive momentum by stochastic makes us expect renewing the bullish attack, to attempt to target 204.80 level reaching 205.35 which represents 2.00%Fibonacci extension level that appears in the above image.

The expected trading range for today is between 203.55 and 204.80

Trend forecast: Bullish

Platinum price succeeded in resuming the bullish attack by confirming surpassing the resistance to $1630.00, to notice its rally towards the initial extra target at $1660.00 to settle near it.

In general, the bullish trend scenario will remain valid by holding above $1525.00 support and the continuation of providing positive momentum by the main indicators, which will increase the chances of reaching 1690.004, surpassing this obstacle will confirm the move to a new positive phase, to target extra stations that begin at $1727.00.

The expected trading range for today is between $1600.00 and $1690.00

Trend forecast: Bullish

Copper price remains stable since yesterday below $5.0600 barrier, forming more of the intraday sideways trading, reminding you that there are positive factors, especially with its stability within the bullish channel’s levels, besides the continuation of providing positive momentum by the main indicators will increase the chances of achieving the required breach, to open the way for recording extra gains that might extend towards $5.2000 and $5.3200.

The risk of changing the positive trend of the current trading if it breaks the extra support near $4.7500, which might force it to suffer some losses by reaching $4.550 and $4.4100 before reaching the suggested positive targets.

The expected trading range for today is between $4.8800 and $5.2000

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, to attempt to look for higher low to take it as a base that might help it to gain the required positive momentum to recover, leaning on the support of its EMA50, amid the dominance of the bullish trend on the short-term basis.

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