The GBPJPY pair kept its negative stability below 164.20 barrier, to continue confirming postponing the bullish rally and keep our correctional bearish overview for now, reminding you that the negative targets are located near 161.60 followed by reaching the additional support at 157.85.

On the other hand, reacting to the positivity of the major indicators and rallying above the mentioned barrier will open the way to resume the main bullish attack, to expect reaching 166.80 followed by repeating the pressure on 168.10 top.

The expected trading range for today is between 164.20 and 161.60

The expected trend for today: Bearish

Copper price formed strong bearish wave yesterday to crawl below 4.3300 support line and hint the affection by the domination of the bearish bias by touching 4.1800.

We notice that 4.1800 forms 38.2% Fibonacci correction level, to hinder the negative attack temporarily until gathering the required negative momentum to achieve new targets that might start from 4.0000 and 3.9200.

The expected trading range for today is between 4.4200 and 4.1000

The expected trend for today: Bearish

Platinum price didn’t succeed to achieve any new positive target until this moment, due to the continuous contradiction between the moving average 55 that consolidates near the resistance line at 1005.00 against stochastic attempt to provide the positive momentum.

Note that the bullish track will remain valid depending on the stability of the support line at 905.00, while gathering the positive momentum will ease the mission of surpassing 950.00 level and recording some targets by reaching 980.00 and 1005.00.

The expected trading range for today is between 920.00 and 980.00

The expected trend for today: Bullish

Wheat price found solid support at 1043.30, to start providing positive trades in attempt to recover on the intraday basis, and we notice that the price is confined within sideways range between the mentioned support and 1114.00 resistance, to suggest the sideways bias on the intraday basis until the price manages to surpass one of the mentioned levels.

Note that breaking the mentioned support will press on the price to achieve more bearish correction that its next target reaches 972.80, while breaching the resistance will lead the price to attempt to resume the main bullish track and head towards 1200.00 as a next main station.

The expected trading range for today is between 1030.00 support and 1080.00 resistance.

The expected trend for today: Sideways