Despite the GBPJPY pair’s forming some bullish waves and settling near 203.50, that won’t affect the previously suggested negative track due to the frequent stability below 204.40 resistance line, in addition to 204.80 level forming strong additional barrier against the current trades.

Therefore, we will keep waiting to react to the negativity of the major indicators, to force it to form new bearish waves and crawl below 202.85 followed by waiting to target the next main station at 201.70.

The expected trading range for today is between 204.00 and 202.00

Trend forecast: Bearish

Platinum price approached the additional negative target at 950.00$, affected by many negative factors, such as the frequent stability below 983.00$ barrier, in addition to the negative momentum coming by the major indicators.

These factors allow us to expect threating 950.00$ support line, to expect breaking it and start forming new bearish waves to attempt to reach 928.00$ that forms key extended support line as appears on the chart.

The expected trading range for today is between 975.00$ and 930.00$

Trend forecast: Bearish

Copper price confirmed keeping the previously suggested negative track by providing new close below the broken support at 4.3300$, to notice its fluctuation near 4.2160$, noting that the continuous consolidation of the MA55 near the broken support reinforces the chances of forming strong barrier against the current trades.

Also, stochastic provides the negative momentum by consolidating within the oversold areas, allowing us to wait to surpass 4.1500$ target and start targeting new negative stations that might extend towards 4.0250$ and 3.9200$.

The expected trading range for today is between 4.3000$ and 4.1500$

Trend forecast: Bearish

Ethereum price (ETHUSD) managed to breach the neckline of the inverted head and shoulders’ pattern that appears on the chart, to start activating the positive effect of this pattern and head towards achieving more expected rise in the upcoming sessions, targeting 3641.82$ followed by 3890.00$ levels mainly.

Therefore, the bullish trend will remain valid and active for the upcoming period, noting that failing to consolidate above 3505.00$ might push the price to test 3360.31$ areas again before any new attempt to rise.

The expected trading range for today is between 3400.00$ support and 3670.00$ resistance.

Trend forecast: Bullish