Copper price succeeded to gain clear positive momentum due to stochastic rally above 50 level, to reinforce the bullish attempts by recording 2.6800 level, which confirms the price consolidation within the bullish channel and allows us to suggest more attempts until reaching the main targets at 2.7200 followed by 2.7800.
The expected trading range for today is between 2.6400 and 2.7200
The expected trend for today: Bullish
Platinum price provided frequent positive closings above the initial support 790.00 to hint the tend to provide strong positive rally in the near term and medium term period, expecting stochastic to exit the oversold areas and getting positive momentum to start targeting the positive levels represented by 840.00 followed by 880.00 levels on the medium term basis.
We should note that attempting to crawl below the current support will reinforce the domination of the bearish bias, to expect forming forced negative attack and suffer many losses by moving towards 775.00 and 748.00 levels.
The expected trading range for today is between 790.00 and 840.00
The expected trend for today: Bullish
The GBPJPY pair still keeping the negative attempts until this moment by providing new negative closings below 138.50 barrier, while resuming the negative attack needs strong negative momentum to manage to press on 136.60 level, and breaking this level will extend trades towards 135.50 as a second target.
We remind you that attempting to rally above the current barrier will postpone the bearish attack and force the price to build more correctional bullish rebounds, with chances to reach 23.6% Fibonacci correction level at 140.40.
The expected trading range for today is between 138.50 and 136.60
The expected trend for today: Bearish