The GBPUSD pair fluctuates near 1.5500 level, while the price is affected by stochastic positivity and that might push the price for some temporary bullish bias.
In general, holding below 1.5720 level keeps the overall bearish trend expectations valid, supported by the EMA50, reminding you that our main waited target at 1.5370.
Expected trading range for today is between: 1.5400 support and 1.5600 resistance.
Expected trend for today: Bearish
The EURUSD pair attempted to above the previously broken support but it returns to move below it again, which keeps the bearish trend scenario remains valid until now, waiting for targeting 1.2000 levels mainly.
Stochastic positivity explains the reasons of the mentioned positive attempts, reminding you that the suggested bearish trend depends on the stability below 1.2280.
Expected trading range for today is between: 1.2000 support and 1.2230 resistance.
Expected trend for today: Bearish
Copper didn’t achieve any new level until this moment, affected by the sideways trading, to keep our main expectation of the bearish bias domination if the main resistance settled at 2.9500, stochastic attempts to support the sideways bias in attempt to gather more momentum, which pushes us to wait for the price to return to form new bearish waves then reaching to the main target at 2.7200.
Expected trading range is between 2.9000 and 2.7200.
Expected trend for today: bearish.
Platinum continues to fluctuate positively, depending on its stability above the main support level at 1178.00, attempting to gather some positive momentum again, in general, we will keep preferring the positive attempts in the medium period until reaching the initial resistance at 1240.00, then monitoring the price behavior to detect the trend in the futuristic period.
We should mention that platinum attempt to settle below the main support will cancel the positive overview, which allows the price to resume the negative trading in the upcoming period by targeting 1260.00 level first reaching to 1110.00 level.
Expected trading range is between 1200.00 and 1240.00
Expected trend for today: bullish