The GBPJPY pair resumed the correctional decline by providing new close below 186.35 level, to crawl below the MA55 again and touch 184.58 level, and despite the main stability within the bullish channel, facing continuous negative pressures will increase the chances of moving towards 184.25, while breaking it will push the price to decline towards the main bullish channel’s support line at 183.35.

Succeeding to jump above 186.35 level and holding above it will confirm getting rid of the correctional bearish track, to start forming strong positive waves and expect targeting 187.35 level direct, followed by reaching the recently recorded high at 188.28.

The expected trading range for today is between 185.40 and 184.25

The expected trend for today: Bearish

Platinum price extended upwards strongly this morning, attempting to surpass the bearish channel’s resistance at 920.00, to hint the preparation to move towards the bullish track again.

Note that it is important to confirm breaching the current resistance to settle above the MA55 in order to gain new positive momentum followed by starting to target the positive stations by moving towards 934.00 soon, followed by attacking 50% Fibonacci correction level at 950.00.

The expected trading range for today is between 915.00 and 934.00

The expected trend for today: Bullish

Copper price started to form strong bullish attack since succeeding to surpass 3.7400 level, to notice rallying towards 3.8100, attempting to confirming moving to the bullish track, as the stability above the breached key resistance at 3.7900 and the positive momentum coming by the major indicators allow us to expect resuming the bullish attack, to target 38.2% Fibonacci correction level at 3.8600 followed by 3.9200 as a next station.

The expected trading range for today is between 3.7700 and 3.8600

The expected trend for today: Bullish

Wheat price provided new negative trades yesterday to complete forming double top pattern that its signs appear on the chart, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target is located at 549.70.

The EMA50 supports the suggested bearish wave, noting that breaching 572.00 followed by 581.40 levels will stop the expected decline and lead the price to recover on the intraday basis.

The expected trading range for today is between 560.00 support and 575.00 resistance.

The expected trend for today: Bearish