The GBPJPY pair activated the negative scenario that comes from its fluctuation below the broken bullish channel’s support at 211.90 level, forming strong decline achieving the previous negative targets by reaching 210.20 level.

The contradiction between the main indicators might push the price to provide mixed trading, but its stability below 211.40 might help it to renew the negative attempts, to expect reaching 209.90 and 209.10.

The expected trading range for today is between 209.10 and 211.40

Trend forecast: Bearish

Platinum price reached $1958.00 level this morning, to face %100 Fibonacci extension level, to rebound quickly to the downside, holding below the minor bearish channel’s resistance at $1940.00, to confirm the continuation of the previously suggested bearish scenario.

The price needs a new negative momentum to ease the mission of forming bearish waves, to expect targeting $1835.00 level initially reaching the next target at $1745.00, while breaching the resistance and holding above it will open the way for recording several gains, to reach $2025 initially.

The expected trading range for today is between $1835.00 and $1940.00

Trend forecast: Bearish

Despite the stability of copper price below $5.5100 barrier, the continuation of the main indicators’ contradiction pushed it to provide weak sideways fluctuation, to keep its stability near $5.4500 without recording any of the previously suggested targets.

The price needs a new negative momentum, to ease the mission of reaching $5.2700 initially, attempting to reach the next negative target near $4.9500, while its rally above the barrier will confirm delaying the negative attempts, to expect its rally towards $5.6300 and $5.7500.

The expected trading range for today is between $5.2700 and $5.5500

Trend forecast: Bearish

Ethereum (ETHUSD) surged during recent intraday trading, approaching the upper boundary of a short-term descending corrective channel that has limited its price movement. This rise coincides with an attempt to break above EMA50, helping the price relieve some of its previous bearish pressure, supported by the emergence of a positive crossover of the relative strength indicators after the price managed to clear its earlier overbought conditions, providing momentum that may help overcome short-term selling pressure.