The GBPJPY pair is under strong bearish pressure, which forces it to resume the bearish correctional attack, facing the support of the bullish channel’s support at 195.35, to settle above it to stop the negative bleeding in the current period, to rally towards 195.95.

Note that surpassing 196.45 level is important to confirm its readiness to renew the bullish attempts, to expect attacking the extra barrier at 197.45, while the continuation of the negative pressure and breaking the current support will force it to suffer new losses, to wait for reaching 194.20, then attempts to press on the EMA50 that is located near 193.55.

The expected trading range for today is between 195.55 and 197.45

Trend forecast: Bullish

Platinum price activated the bullish rally by surpassing the extra barrier at $1366.00 reaching $1433.00, then bounces below2.618%Fibonacci extended level at $1420.00 forming bearish correctional waves.

The stability of the price within the bullish channel’s levels, accompanied by the continuation of forming strong extra support at $1330.00 level reinforces the dominance of the bullish track, to wait for breaching $1420.00 level, opening the way for reaching new bullish stations that might extend to $1458.00 reaching $1507 in the upcoming period trading.

The expected trading range for today is between $1375.00 and $1458.00

Trend forecast: Bullish

Copper price moved in tight range yesterday, renewing the pressure on the barrier near $5.1000, which decelerates the chances of resuming the main bullish attack and achieving more of the positive gains.

Note that the neediness of the positive momentum until now will assist activating the bearish correctional track, to expect the decline towards $4.9700 and $4.9100, while breaching the barrier and providing a positive close above it will reinforce the chances for recording extra gains that might begin at $5.2300 reaching the top at $5.2350 level.

The expected trading range for today is between $4.9700 and $5.1000

Trend forecast: Bearish

The (ETHUSD) price declined in its last intraday trading, gathering the gains of its previous rise, and attempts to gain bullish momentum that might assist it to rise again, and offloading some of its clear overbought conditions on the (RSI), especially with the emergence of the negative overlapping signals from there, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, forming a dynamic support that keeps the positive track.