The GBPJPY pair activated the previously suggested bearish corrective track, putting it under strong negative pressure to achieve the previously suggested stations by reaching 201.15, then retesting the extra support at 201.75.
Forming extra barrier at 202.55 level and the continuation of providing negative momentum by stochastic will increase the efficiency of the bearish corrective track, to expect targeting 200.45 level, and surpassing it might extend the losses towards 199.20 directly.
The expected trading range for today is between 200.45 and 202.55
Trend forecast: Bearish
Platinum price ended the last corrective decline by testing the extra support at $1525.00, achieving the previously suggested initial corrective target, to form positive rebound and settle near $1575.00.
Note that surpassing $1605.00 level and holding above it will reinforce the chances of activating the bullish attack, to expect targeting $1665.00 level initially, reaching the barrier at $1695.00, while breaking the current support will force the price suffer extra losses that might extend to $1440.00.
The expected trading range for today is between $1540.00 and 1660.00
Trend forecast: Bullish
Copper price provided slow trading by its fluctuation near $5.1000 level, to keep the postive stability that depends on the stability of the extra support level at $4.7500. to increase the chances of gathering the required positive momentum to confirm the continuation of the positivity in the upcoming trading.
Therefore, we will keep our bullish suggestion, reminding you that surpassing $5.2000 level is important for opening the way for resuming the bullish attack and reaching the extra stations that begins at $5.3200.
The expected trading range for today is between $5.0500 and $5.3200
Trend forecast: Bullish
The (ETHUSD) price settled with sharp decline in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, attempting to look for rising low that might help it to recover, leaning on the support of its EMA50, providing strong chance for gaining this momentum, especially with the dominance of the bullish correction trend on the short-term basis and its trading alongside trendline, with the strength relative indicators reaching exaggerated oversold levels.
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