The GBPJPY pair attempted to exit the negative track yesterday by surpassing 190.60 resistance line, achieving temporary gains by touching 191.95 followed by turning back to settle within the bearish channel by fluctuating near 189.60 now.

Now, the contradiction between the major indicators will force the price to provide mixed trades by moving between 188.65 support and the bearish channel’s resistance line at 190.50, noting that rallying above the resistance again will reinforce the chances of moving to the bullish track to start targeting many positive stations by rallying towards 191.55 followed by reaching 192.45.

The expected trading range for today is between 188.75 and 190.50

Trend forecast: Sideways

Platinum price started to get the positive momentum, to start covering the recently suffered losses, noticing its fluctuation near the MA55 at 959.00$.

Note that succeeding to hold above 950.00$ will increase the chances of providing new bullish trades, to attempt to record additional gains by targeting 971.00$ and 983.00$ levels, while settling below 950.00$ again will force it to activate the negative attack, to suffer many losses by moving towards 935.00$ first,

The expected trading range for today is between 950.00$ and 971.00$

Trend forecast: Bullish

No news for copper price, to continue providing slow sideways trades by settling near 4.5400$, affected by the contradiction between the major indicators until this moment, reminding you that the frequent stability below 4.6800$ barrier reinforces the chances of resuming the negative correction that might target 4.3900$ level soon, followed by reaching the minor bullish channels’ support line at 4.3200$.

The expected trading range for today is between 4.3900$ and 4.5600$

Trend forecast: Bearish

Ethereum price (ETHUSD) traded with strong negativity to succeed achieving our target -suggested in our last technical update- at 2030.00$, showing some slight bullish bias by today’s open, affected by stochastic reach to the oversold areas.