The GBPJPY pair didn’t settle above the support of the minor bullish channel at 198.70, forcing it to suffer deep losses by its decline to 195.35, facing the moving average 55 that supports the stability of 78.2%Fibonacci correction level as appears in the above image.

Noticing the beginning of forming bullish waves since this morning, but it couldn’t regain the bullish bias until surpassing the obstacle at 196.60, which allows it to resume the rise and achieve extra gains that might extend to 197.05 and 197.40, while the decline below 195.35 and holding below it will confirm its surrender to the bearish bias domination, which forces it to suffer extra losses by reaching 194.55.

The expected trading range for today is between 195.70 and 196.90

Trend forecast: Bullish

Platinum price ended its last bearish correctional attack by hitting $1260.40 level, approaching from the second correctional target, to notice forming some bullish waves, to settle near $1310.00.

Note that the continuation of forming main support at $1245.00 level against the current trading, beside stochastic attempt to provide positive momentum will increase the chances of activating the bullish attempts, to expect its rally towards $1342.00 and surpassing this barrier might extend the trading towards $1383.00, representing the initial main target for the bullish attempts.

The expected trading range for today is between $1270.00 and $1342.00

Trend forecast: Bullish

Despite the continuation of the negative pressure on copper price, its main stability within the bullish channel levels that its main support is located at $4.0500, besides forming extra support at 61.8%Fibonacci extension level at $4.2600 supports the chances of renewing the bullish attempts in the near and medium period.

The price might be forced to form some mixed sideways trading, but the stability above the main support makes us wait to gather positive momentum, attempting to achieve some gains by its rally towards $4.6300 and $4.7500.

The expected trading range for today is between $4.2600 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price continued its last intraday trading, in attempt to recover some of its previous losses, amid the dominance of the bearish correctional trend on the short-term basis and its affection by breaking a bullish trend line, with the continuation of the negative pressure that comes from its trading below EMA50, besides the (RSI) reach to the overbought levels, which suggest forming negative divergence, especially with the emergence of negative overlapping signals.

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