Despite the neediness of the GBPJPY pair to the positive momentum, but the main stability within the bullish channel’s levels that pushed it to form a new positive move, to hit the target at 198.80, facing 66.8%Fibonacci correction level as appears in the above image.

The current trading scenario depends on the strength of 198.80 level, if it settles we expect forming bearish correctional trading that might push it to suffer some losses by reaching 197.40 and 169.85, while the price success in achieving the breach and providing a positive close above it, will reinforce the chances for recording extra gains by its rally to 199.55.

The expected trading range for today is between 197.40 and 198.80

Trend forecast: Bearish

Platinum price ended the last bullish rally by facing the bullish channel’s resistance at 1435.00, achieving the previously suggested targets, which forces it to activate the correctional track by reaching $1376.00.

The stability of the main resistance makes us expect confirm the attempts of gathering gains and forming new bearish correctional trading, to target $1362.00 level reaching the extra support near $1330.00.

The expected trading range for today is between $1132.00 and $1430.00

Trend forecast: Bearish by the stability of the resistance

Copper price took advantage of the positive factors by confirming the obstacle at $4.8900, to notice by the above image, forming a strong bullish rally achieving the main targets by reaching $5.0700 level and settles around it.

By the above image, we notice forming $5.1000 level to previous liquidity grab zones, to form an extra barrier against the bullish trading in the current period, to expect the price affection by the domination of the sideways bias domination temporarily, while the continuation of the fluctuation below this barrier might increase the chance for activating the bearish correctional track, which might target $4.9100 level.

The expected trading range for today is between $4.9600 and $5.1000

Trend forecast: Fluctuated with the bullish track

The (ETHUSD) price rose slightly in its last intraday trading, amid its affection by breaching a bearish correctional bias line on the short-term, taking advantage of the dynamic support that is represented by its trading above EMA50, to get ready to attack the stubborn and critical resistance level at $2,450, assisting the beginning of forming a positive divergence on the (RSI), after reaching exaggerated oversold levels compared to the price move, with the beginning of the positive signals from there.