Despite the attempts of the main indicators to provide positive momentum but the stability of the GBPJPY pair below the barrier at 200.40 obstacle the chances for resuming the bullish attack, which forces it to provide sideways trading, activating the expected bearish correctional track. 

While gathering the negative momentum will make the price begin targeting the negative stations by its decline to 198.60, then attempts to press on the initial support at 197.85, while the price success in breaching the barrier and holding above it will turn the bullish scenario to begin achieving clear gains by its rally to 200.90 and 201.55.

The expected trading range for today is between 198.65 and 200.30

Trend forecast: Bearish

Platinum price lost its positive momentum, to force it to form temporary correctional decline, to repeat testing the extra support at $1355.00, rising again to $1382.00 as appears in the above image.

Providing positive momentum by the main indicators will increase the efficiency of the bullish track, to ease the mission of breaching the barrier at $1400.00, opening the way for recording extra gains might extend to $1412.00 and $1435.00.

The expected trading range for today is between $1370.00 and $1412.00

Trend forecast: Bullish

Copper prices have moved slowly since the last session due to the contradiction between the main indicators, but its main stability within the bullish channel’s levels by the stability of the main support at $4.0900 helps it to activate the bullish attack.

The stability of the moving average 55 above the extra support at $4.2600 helps it to provide positive momentum, to keep waiting for surpassing $4.6200 level, targeting the next station by reaching $4.7500 and $4.9400.

The expected trading range for today is between $4.4200 and $4.7500

Trend forecast: Bullish

The (ETHUSD) price continued its sideways trading in its last intraday levels, attempting to gain bullish momentum that might help it to rise, amid the continuation of the critical support level stability at $4,250, with the emergence of positive overlapping signals on the(RSI), after reaching oversold level, on the other hand, the price is under negative pressure that comes from its trading below EMA50, which prevents the price recovery in the previous session.

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