The GBPJPY pair took advantage of the continuation of forming extra support at 210.50 level, to notice forming several bullish waves, achieving the initial positive target by reaching 212.20 level.
The contradiction of the main indicators might push the price to provide mixed trading, but its success in breaching 212.30 and holding above will reinforce the chances of achieving additional gains that might begin at 213.05 and 213.65, while holding below 212.30 will force it to provide new bearish trading, and there is chance for retesting 210.50 level.
The expected trading range for today is between 211.30 and 212.30
Trend forecast: sideways until achieving the breach
Platinum price faced some bullish pressure yesterday, which forces it to rally towards $2210.00, retesting %66.8 Fibonacci corrective level, forming an important barrier against detecting the expected trend in the near trading.
The stability below the current barrier makes us prefer the dominance of the bearish corrective trend, to reach $2160 and $2125.00, while breaching the barrier and holding above it will open the way for targeting several stations by its rally towards $2245.00.
The expected trading range for today is between $2125.00 and $2210.00
Trend forecast: Bearish
Copper price surrendered to the main indicators’ contradiction against the negative stability below $5.9700 barrier, forming bullish rebound this morning, to settle near $5.8300.
The stability of the barrier makes us expect providing mixed trading and gathering negative momentum, that might manage to renew the negative attempts, which might target $5.6200 level reaching $5.5100 support.
The expected trading range for today is between $5.6200 and $5.9000
Trend forecast: Bearish
Ethereum price (ETHUSD) fluctuated on its last intraday levels, attempting to gain some bullish momentum that might help it to surpass the negative pressure of EMA50, amid the dominance of bullish corrective wave on short-term basis, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, threatening the bullish scenario on the intraday basis.