The GBPUSD pair shows negative trades now to move away from the previously broken support line, noticing that stochastic begins to overlap negatively now, to support the chances of achieving more decline in the upcoming sessions, waiting to head towards 1.2304 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.2515.
The expected trading range for today is between 1.2330 support and 1.2500 resistance.
The expected trend for today: Bearish
The EURUSD pair trades with clear negativity now to break 1.0885 level and heads towards the expected negative target of the break at 1.0840, which puts the price against more expected negative pressure for the upcoming period, noting that breaking the last level will extend the bearish wave to reach 1.0700 as a next station.
Therefore, the bearish bias will be suggested for the rest of the day, noting that failing to consolidate below 1.0885 will push the price to achieve intraday gains that target testing 1.0966 initially.
The expected trading range for today is between 1.0800 support and 1.0960 resistance.
The expected trend for today: Bearish for the rest of the day
Copper price started to form new positive trades to keep its stability above 2.2800 support, noticing recording 2.3300 level, also, stochastic reach to 80 level provides the additional positive momentum, allowing us to wait to reach the main targets at 2.3700 followed by 2.4530.
Note that attempting to crawl below the current support and holding below it will push the price back to the bearish track and start suffering losses by moving towards 2.2100 followed by 2.0700.
The expected trading range for today is between 2.2800 and 2.3700
The expected trend for today: Bullish
Platinum price did not record any new negative target until this moment despite its consolidation within the bearish channel, affected by the contradiction of stochastic positivity against the moving average 55 negativity, located above 781.00 resistance.
In general, the frequent negative stability below the main resistance allows us to keep our bearish overview, reminding you that the main targets located around 710.00 and 680.00 levels, while facing strong positive pressures and rallying above the current resistance confirms changing the main trend and the beginning of building bullish track to target 830.00 and 880.00 levels.
The expected trading range for today is between 780.00 and 710.00
The expected trend for today: Bearish