The GBPJPY pair took advantage of stochastic negativity to form new bearish waves and notice crawling below the additional support 195.80 and achieving the previously suggested targets by touching 194.00, which forms 50% Fibonacci correction level as appears on the chart.

The price might form mixed trades due to the strength of 194.00 level, while the frequent negative stability below 195.80 and stochastic attempt to provide new negative momentum allow us to wait to break the current support and open the way to target new negative stations that might start at 193.45 and 192.70 levels.

The expected trading range for today is between 193.45 and 195.80

Trend forecast: Bearish

Platinum price formed temporary bullish rebound yesterday due to stochastic exit from the oversold areas, to notice rallying towards 925.00$, while forming minor bearish channel and facing new resistance at 940.00$ allow us to keep the negative overview that might target 905.00$ followed by 882.00$ levels.

On the other hand, breaching the current resistance and holding above it will cancel the negative overview for now to expect forming many bullish waves by rallying towards the MA55 at 955.00$, while surpassing it will push the price towards 974.00$ as a next target for the bullish attempts.

The expected trading range for today is between 905.00$ and 936.00$

Trend forecast: Bearish

Despite copper price recent weak trades, the continuous fluctuation below 4.000$ and providing continuous negative momentum by the major indicators confirm the continuation of the previously suggested negativity, to keep waiting to target 3.9300$ followed by reaching the next support at 3.8300$.

On the other hand, changing the trend and providing bullish trades requires rallying above 4.2000$ and holding above it to increase the chances of starting to achieve clear gains that might start at 4.3400$.

The expected trading range for today is between 3.9300$ and 4.0500$

Trend forecast: Bearish

Ethereum price (ETHUSD) continued to rise to test 3510.00$ level, which forms good resistance against the price, as the price consolidates below it until now, accompanied by witnessing continuous negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 3222.00$ as a first station.

On the other hand, we should note that breaching 3510.00$ will stop the expected decline and lead the price to achieve additional gains that reach 3680.00$ initially.

The expected trading range for today is between 3320.00$ support and 3590.00$ resistance.

Trend forecast: Bearish