The GBPJPY pair surrendered this morning trading due to the stability of the resistance at 200.40, to form a strong obstacle against the attempt to return to the bullish channel’s levels, forming strong correctional decline and its stability near 198.77.

Stochastic attempt to exit the oversold level makes us expect renewing the correctional attempts, note that breaking 198.25 level will force it to suffer extra losses that might extend to 61.8%Fibonacci correction level at 197.55, while the stability above 198.25 will increase the chances for renewing the bullish attempts in the near period.

The expected trading range for today is between 198.25 and 199.60

Trend forecast: Bearish

Platinum price recorded some intraday gains by hitting $1357.00 level, but the negative main indicators pushed it to decline again, to settle below the barrier at $1342.00 forming a new sideways fluctuation as appears in the above image.

Note that waiting for confirming breaching the current barrier is important to increase the chances for resuming the main bullish attack by targeting $1375.00 reaching the next target near $1415.00.

The expected trading range for today is between $1315.00 and $1375.00

Trend forecast: Bullish

Copper price kept its positive stability above the moving average 55 to keep the continuation of the suggested positivity that depends on the stability of the bullish channel’s support at $4.0500, to notice the weakness of the bullish attempts due to the continuation of stochastic contradiction that is fluctuating now within the oversold level.

Gaining the required extra positive momentum, to motivate the bullish attack, to expect attacking the initial positive target at $4.7400, and surpassing it will make it record several gains in the upcoming period trading. 

The expected trading range for today is between $4.3700 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, after offloading some of its clear overbought conditions on the (RSI), opening the way for achieving more of the gain, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis that supports this trend.

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