The GBPJPY pair resumed the negative attack to face 23.6% Fibonacci correction level at 186.55, which formed the first main target for the bearish track recently, while the current sideways fluctuation above this obstacle confirms the attempt to gather the required additional negative momentum to resume the decline in the near-term and medium term period.

Also, 187.70 level attempt to form additional barrier confirms confining trades within the bearish track, waiting to break 186.55 and open the way to reach the additional stations near 185.70 followed by reaching 38.2% Fibonacci correction level at 185.00.

The expected trading range for today is between 187.65 and 186.00

The expected trend for today: Bearish

Platinum price formed temporary correctional bearish rebound to settle near the MA55 at 920.00, attempting to decrease stochastic effect and keep the chances of resuming the bullish attack in the near-term and medium-term period.

We remind you that it is important to hold above the initial support 905.00 to confirm confining trades within the bullish track, noting that succeeding to gather the additional positive momentum will allow it to form new bullish attack to target 950.00 followed by reaching the next main target at 983.00.

The expected trading range for today is between 910.00 and 950.00

The expected trend for today: Bullish

Despite the continuous weak trades and settling near 3.8500, we assure keeping the bullish overview for copper price, as it remains stable above the additional support 3.7000.

We will keep waiting to get the positive momentum by stochastic to ease the mission of activating the bullish attack, to surpass 3.9200 level followed by extending trades towards the main station at 4.0200, followed by reaching 4.3000 in the medium-term period.

The expected trading range for today is between 3.8100 and 3.9200

The expected trend for today: Bullish

Wheat price breached 605.00 level clearly and ended yesterday above it, to cancel the negative pattern mentioned in our last report and head towards achieving new bullish correction in the upcoming sessions, targeting visiting 639.30 areas as a next main station.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, noting that breaking 605.00 will stop the positive scenario and push the price to return to the main bearish track again.

The expected trading range for today is between 600.00 support and 620.00 resistance.

The expected trend for today: Bullish