The GBPJPY pair succeeded in surpassing the negative pressure after hitting 210.50 level, activating with stochastic positivity by surpassing the barrier at 211.30, to begin recording new gains by reaching 212.15.
The price needs to provide a new positive close above the breached barrier, which allows it to take advantage of the main indicators positivity, to expect its rally towards 212.55 and breaching it will make it reach the bullish channel’s resistance at 213.75, while the fluctuation below the barrier will force it to provide mixed trading with a new chance for suffering some losses by reaching 21.50 and 209.75.
The expected trading range for today is between 211.00 and 212.50
Trend forecast: Bullish
Platinum price succeeded in renewing the bullish attack by its stability above $2085.00 level, activating with the main indicators’ positivity by its rally above $2235.00 barrier, and achieving clear gains by reaching $2335.00.
No escape from resuming the bullish attack, due to the continuation of providing bullish momentum by the main indicators to reach $2380.00, to attempt to press on the barrier at $2430.00 level, reinforcing the chances of reaching new historical stations in the near period.
The expected trading range for today is between $2235.00 and $2380.00
Trend forecast: Bullish
Copper price formed strong bullish rally yesterday, taking advantage of the positive stability above $5.5100 support, besides providing bullish momentum by the main indicators, to hit the initial main target by reaching $5.9900.
Facing positive pressures makes us keep the bullish scenario, reinforcing the chances of recording new historical gains to expect reaching $6.0750, to press on the resistance of the main bullish channel at $6.1700.
The expected trading range for today is between $5.8400 and $6.1700
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, after reaching our last expected target at $3,240 resistance, to bounce lower to gain some bullish momentum that might help it to breach this resistance, amid the continuation of the positive support due to its trading above EMA50, under the dominance of the bullish corrective on the short-term basis, and its trading alongside trendline, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.