The GBPJPY pair activated with stochastic negativity this morning, forming some extra bearish waves after breaking the extra support at 212.85, announcing its readiness to resume the previously suggested bearish corrective attack, to settle near 212.40.

We expect reaching 212.00 level soon, which forms an intraday obstacle against the negative attempts, note that surpassing it will reinforce the chances of reaching corrective stations, that is located near 211.10 and 210.60.

The expected trading range for today is between 211.60 and 212.90

Trend forecast: Bearish

Platinum price provided sideways trading by its stability near $2080.00, affected by the contradiction between the main indicators’ positivity and the negative stability below $2245.00.

We expect providing more sideways trading until gathering the required negative momentum, to begin achieving the corrective targets near $1950.00 and $1860.00.

The expected trading range for today is between $1950.00 and $2120.00

Trend forecast: Bearish

Copper prices forced to provide slow trading recently, due to the contradiction between the main indicators, fluctuating near $5.8500 level without recording any new corrective target.

Reminding you that the stability below $5.9700 barrier makes us keep the bearish corrective scenario, which might target $5.7200 level reaching $5.5100 support, while breaching the barrier will reinforce the chances of forming new bullish waves, to attempt to record extra gains by reaching $6.1200.

The expected trading range for today is between $5.5100 and $5.9500

Trend forecast: Bearish

The (ETHUSD) price declined slightly in its last intraday trading, after reaching EMA50’s resistance, putting it under negative pressure, which intensifies with the dominance of the main bearish trend on short-term basis. This decline came after offloading its oversold conditions on relative strength indicators, entering exaggerated overbought levels compared to the price move, indicating a quick fading in the bullish momentum.