The GBPJPY pair confirmed the stability of the bullish scenario, due to its stability within the minor bullish channel’s levels, to form some bullish waves, to record the initial target by reaching 213.30 level, to rebound temporarily to settle near 212.50.

The stability above the bullish channel’s support towards 211.30, besides providing positive momentum by the main indicators makes us keep the bullish scenario, which might target 214.05 reaching 215.20 level to reach the current channel’s resistance.

The expected trading range for today is between 214.05 and 212.10

Trend forecast: Bullish

Despite forming mixed trading by platinum price, its stability within the bearish channel’s levels, which represents an extension for the main resistance at $2045.00 level, besides the attempt to form an additional barrier by the moving average 55 by its fluctuations near $1980.00 makes us keep the bearish scenario, due to its move towards $1840.00.

The continuation of facing negative pressures will push it to form strong bearish waves, to expect attacking $1775.00 level soon, attempting to reach the bearish channel’s support at $1665.00. 

The expected trading range for today is between $1775.00 and $1910.00

Trend forecast: Bearish

Copper price formed some positive trading in yesterday’s trading, to test the broken support that represents a strong resistance at $5.5100, bouncing quickly towards $5.3300 confirming the continuation of the previously suggested negative scenario.

Providing additional negative momentum by stochastic will help it to renew the negative attempts, to expect reaching $5.1500, attempting to press on the extra support near $4.9500.

The expected trading range for today is between $5.1500 and $5.4000

Trend forecast: Bearish

Ethereum (ETHUSD) declined in its recent intraday trading, affected by reaching EMA50’resistance, to attempt to gain bullish momentum that might help it to surpass this negative pressure, attempting to gather yesterday’s gains, besides offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from them, with the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.