Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that didn’t affect the main stability due to the frequent consolidation above the bullish channel’s support line at 172.40.

These factors allow us to wait to gather the positive momentum to manage to activate the bullish attack again, which will target 174.30 level initially followed by pressing on 174.75 obstacle.

The expected trading range for today is between 172.75 and 174.00

The expected trend for today: Bullish

Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of resuming the bullish correction and wait to gather the negative momentum to ease the mission of crawling towards the negative targets, located now near 1010.00 and 985.00.

We remind you that facing new positive pressures and rallying above the current barrier will allow the price to resume the correctional bullish attempts, to expect moving towards 1072.00 initially, followed by reaching 1105.00.

The expected trading range for today is between 1040.00 and 1010.00

The expected trend for today: Bearish

Copper price kept its positive stability above 3.5700 support line, to increase the chances of recording new correctional targets, while the lack of the positive momentum led to form sideways fluctuation, to notice its consolidation near 3.7500 until now.

In case the price gathered the positive momentum, that will support our bullish overview that might target 3.8500 level soon, to face 38.2% Fibonacci correction level in addition to the MA55, to hinder the bullish attack for the upcoming period.

The expected trading range for today is between 3.7000 and 3.8500

The expected trend for today: Bullish

Wheat price provided strong positive trades yesterday to reach 654.40, but it bounced bearishly to test the key support 629.00 again, and the EMA50 meets this support to add more strength to it, accompanied by witnessing clear positive signals through stochastic.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 663.50, reminding you that the continuation of the bullish wave depends on the price stability above 629.00.

The expected trading range for today is between 628.00 support and 655.00 resistance.

The expected trend for today: Bullish