The GBPUSD pair shows positive trades to test the EMA50, affected by stochastic positivity, and as long as the price is below 1.2590, our bearish overview will remain valid for today, waiting to get negative motive that assist to push the price to resume the bearish track that its targets begin by testing 1.2425 level.
The expected trading range for today is between 1.2380 support and 1.2590 resistance.
The expected trend for today: Bearish
The EURUSD pair trades with strong positivity to breach 1.0670 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to resume the bullish track again, while the price needs to trade below 1.0670 again to head towards our main negative target at 1.0550.
The expected trading range for today is between 1.0550 support and 1.0730 resistance.
The expected trend for today: Bearish
No news for copper price despite its positive stability above the initial support 4.1800, affected by the contradiction between the major indicators to continue forming sideways trades near 4.3000.
We expect to gather the positive momentum to form bullish wave and reinforce the attempts to resume the bullish correction, waiting to touch 4.4100 resistance line followed by monitoring the price behavior to manage to detect the next trend.
The expected trading range for today is between 4.2000 and 4.4200
The expected trend for today: Bullish
Platinum price provided positive signal by fluctuating above the sideways track’s resistance at 985.00, recording some gains by reaching 1007.00, noting that it is important to confirm the breach by getting new positive closings above 985.00 to reinforce the chances of moving to the bullish track that might target 1040.00 initially.
The expected trading range for today is between 980.00 and 1040.00
The expected trend for today: Bullish