The GBPJPY pair succeeded to compensate several previously achieved losses, forming a strong bullish rebound after hitting 184.38 level, to notice attacking the resistance at 189.60, which represents the threshold for confirming the main trend on the near and medium trading.

The stability of the price below this resistance makes us expect renewing the negative attempts, attempting to reach below 38% Fibonacci correction level at 187.90, then targeting some of the negative stations by reaching 187.10 and 186.60, while breaching the resistance and holding above it will reinforce the chances for compensating more of the losses by reaching 190.75, which represents the initial positive target for the bullish trading.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bearish

Platinum price continued forming the bullish correctional trading, surpassing the obstacle at $920.00, to begin recording some of the gains by reaching $930.00, getting advantage from the continuation of the positive momentum that come from stochastic, which approaches from 50 level.

Reminding you that the bullish suggestion on the current trading will remain valid, depending on the stability of the support at $895.00, to expect reaching 50%Fibonacci correction level at $950.00, and surpassing it will lead the price to test the resistance at $961.00

The expected trading range for today is between $920.00 and $950.00

Trend forecast: Bullish 

Copper price get advantage from the repeated positive stability within the bullish channel’s levels, forming a strong bullish rally after testing the support at $4.000, to notice recording some of the main targets by hitting 38.2% Fibonacci correction level at $4.4300.

The contradiction between the main indicators might assist forming some of the sideways trading, to keep waiting for gathering extra positive momentum that allows it to resume the rise and reaching the extra positive stations near $4.5600 reaching $4.6800.

The expected trading range for today is between $4.2300 and $4.5600

Trend forecast: Bullish

The (EURUSD) experienced highly fluctuated trading during yesterday’s session, ending with a slight decline, as negative signals emerged from the Relative Strength Index (RSI) after reaching extremely overbought levels. In an attempt to gain positive momentum that could support a recovery and upside moves, to lean on the support of the EMA50, beside its leaning on the critical support level at 1.0945. All that provided some positive momentum and helped it to rebound higher on its recent intraday trading, getting advantage from the main bullish trend that remains the dominant and the pair’s stability above the ascending trendline.