The GBPJPY pair resumes the bearish correctional attack, due to its reach below 198.60 level, which forces it to suffer extra losses by reaching the extra support at 197.80 level, to settle above it as appears in the above image.

Noticing the approach of the moving average 55 from the current support, to settle against the current trading, providing real opportunity to renew the bullish attempts by its rally towards 198.80 reaching the barrier of 200.45.

The expected trading range for today is between 197.80 and 198.80

Trend forecast: Bullish

No news for Platinum price, providing mixed sideways trading since morning by its stability near $1560.00, confined between the extra support at $1525.00, while $1610.00 level forms a strong barrier against the attempts of resuming the bullish attack.

The contradiction between the main indicators supports the dominance of the sideways trend in the current trading, to keep waiting to surpass the current barrier, which allows it to achieve new gains that might extend towards $1642.00 reaching the next main target at $1690.00.

The expected trading range for today is between $1525.00 and $1605.00

Trend forecast: Sideways

Copper price succeeded to settle above $4.7500 level, confirming its readiness to resume the bullish attack, activating with the positivity of the main indicators, to reach the initial target at $4.9500, surpassing it will extend the trading towards the next station near $5.3200.

Note that the price attempt to decline below the breached barrier might force it to provide intraday sideways trading, but it didn’t affect the main bullish trend due to its stability within the bullish channel’s levels, and forming new support by the moving average 55 at $4.3700.

The expected trading range for today is between $4.7000 and $4.9500

Trend forecast: Bullish

The (ETHUSD) price soared high in its last intraday trading, resuming its strong gains amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trendline for this track, with the continuation of the positive pressure due to its trading above EMA50, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the strength of the positive momentum.

Therefore, our expectations suggest a rise in the (ETHUSD) price in its upcoming intraday trading, conditioned by its stability above $4,280, to target the initial resistance level at $4,500.

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