The GBPJPY pair repeated its fluctuation below the barrier at 196.60 level, forcing it to activate with stochastic negativity, forming new bearish waves to press on the moving average 55 at 195.35.
We expect forming sideways trading, but its repeated negative stability below 196.60 confirms its surrender to the bearish scenario, which forces it to suffer extra losses by reaching 194.55 followed by 50%Fibonacci correction level at 194.10.
The expected trading range for today is between 194.10 and 196.00
Trend forecast: Bearish
Platinum price stability at $1342.00 confirmed its surrender to the bearish correctional bias domination, approaching from the initial correctional target at 1290.00.
Note that the stability of the moving average 55 above the mentioned barrier confirms the confinement within the bearish track, to keep our bearish expectation until reaching the stations at 1280.00 and 1255.00.
The expected trading range for today is between $1280.00 and $1330.00
Trend forecast: Bearish
Copper price kept providing weak sideways trading by stability near the moving average 55 at $4.3500, without any attempt to activate the bullish attack due to its continued neediness for the positive momentum until this momentum.
Reminding you that holding above the extra support at $4.2600 might help it to settle positively, to confirm gathering the extra positive momentum to ease the mission of reaching positive stations that are located near $4.6300 and $4.7500.
The expected trading range for today is between $4.2600 and $4.6300
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, forming a dynamic resistance that prevent the recovery on the near term basis, amid the dominance of the bearish correctional dominance on the short-term basis, and its trading alongside a supportive bias line for the trend, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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