The GBPJPY pair touched 188.10 level to approach our previously waited negative target and start forming correctional bullish waves, attempting to take breach to notice reaching 190.20 now.

Stochastic exit from the oversold areas reinforces the positive pressure on the current trades, to expect rallying towards 190.70 to test the broken support and monitor its behavior to manage to detect the next expected trend, as holding below it will reinforce the chances to decline again and target 189.20 as a first station, while breaching the broken support will reinforce the chances of achieving many gains by rallying towards 191.25 and 192.00 levels.

The expected trading range for today is between 189.40 and 190.70

Trend forecast: Bullish

Platinum price formed new bullish rally yesterday to surpass 950.00$ barrier and notice recording some gains by reaching 960.00$, noting that stochastic attempt to provide the positive momentum will increase the chances of forming new bullish waves to reinforce the chances of reaching 966.00$ soon, followed by waiting to attack 983.00$ resistance line.

Note that the price attempt to settle below 940.00$ will cancel the bullish overview and allow us to return to the correctional bearish track that might target 920.00$ and 905.00$ levels.

The expected trading range for today is between 940.00$ and 966.00$

Trend forecast: Bullish

No news for copper price that keeps fluctuating between the initial support 4.000$ and 4.2000$ resistance that forms the key to confirm the previously suggested correctional bearish scenario.

We expect to provide new negative trades soon to attempt to crawl below 4.000$ and target the correctional stations represented by 3.9300$ followed by reaching the bullish channel’s support line at 3.8300$, while breaching the current barrier and holding above it will reinforce the chances of regaining the bullish bias in the upcoming period.

The expected trading range for today is between 3.9300$ and 4.2000$

Trend forecast: Bearish

Ethereum price (ETHUSD) begins today with clear positivity to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our targets begin at 3740.00$ and extend to 3900.00$.

The EMA50 keeps carrying the price from below to support the suggested positive scenario, noting that breaking 3550.00$ will stop the bullish wave and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 3550.00$ support and 3800.00$ resistance.

Trend forecast: Bullish