The GBPJPY pair confirmed breaching 214.50 level, announcing the stability of the bullish scenario by recording gains by reaching 215.75, holding near it as appears in the above image.
Note that the price attempt to form strong support at 214.50 level with the positive momentum from the main indicators will increase the chances of recording extra gains, to expect reaching 216.40 followed by the next main target near 217.60.
The expected trading range for today is between 215.00 and 216.40
Trend forecast: Bullish
Platinum price is affected by the dominance of the bearish bias, holding within the minor bearish channel’s levels and forming a new bearish trend by holding near $1540.00 level.
The stability below $1675.00 repeatedly with the negative momentum that comes from the main indicators will increase the chances of reaching $1510.00 barrier, and surpassing it might extend the losses towards $1435.00.
The expected trading range for today is between $1435.00 and $1610.00
Trend forecast: Bearish
Copper price ended the last positive rebound by reaching $6.2000 level, to begin forming bearish corrective trading, affected by the stability below $6.300 barrier, to reach $6.0500 currently.
Gathering extra negative momentum is important for reinforcing the chances of surpassing the barrier at $5.9500, to open the way for targeting more corrective stations, which might begin at $5.8200 and $5.7100.
The expected trading range for today is between $5.820 and $6.1500
Trend forecast: Bearish
(ETHUSD) rose slightly in its latest intraday trading, due to the stability of the key support level at $1,550, gaining bullish momentum that helped it to achieve these cautious gains, which targets offloading some of its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path.