The GBPJPY pair approached the previously waited main target by reaching 207.30 level which forces it to form some bullish corrective waves, affected by stochastic rally above 50 level, which allows it to recover some losses to settle near 208.15.

Note that the negative stability below 209.15 level represents main factor to confirm the previously suggested negativity, therefore, we will keep waiting for gathering extra negative momentum to reinforce the chances of reaching 207.05, while surpassing the barrier and holding above it will ease the mission of achieving several gains by its rally towards 209.85 reaching 207.05. 

The expected trading range for today is between 207.05 and 208.75

Trend forecast: Bearish

Despite stability below $2245.00, Platinum price neediness for negative pressure pushed it to provide more sideways trading, to fluctuate near $2050.00 level without reaching any of the previously waited corrective targets.

We will depend on the attempt of forming extra barrier at $2130.00 level to increase the chances of gathering bullish momentum then attempts to press on the moving average 55 at $1925.00 and surpassing it will lead to reach the next target near $1880.00, while surpassing this barrier will provide a chance for recovering some losses by its rally towards $2245.00.

The expected trading range for today is between $1950.00 and $2100.00

Trend forecast: Bearish

No change for copper price’s bearish corrective track, despite the continuation of the main indicators’ contradiction, but the stability below the barrier at $5.9700 supports this negativity in the near trading.

Therefore, we will keep waiting for the resuming negative attempts, which might target the extra support level at $5.5100, note that breaking this support will open the way for targeting new corrective stations that might extend towards $5.3600 reaching the next support base at $5.1000 level.

The expected trading range for today is between $5.5100 and $5.7500

Trend forecast: Bearish

The (ETHUSD) price is moving in limited range of tight sideways trading on its last intraday levels, with 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, on the other hand, we notice the emergence of positive signals from relative strength indicators, which helped the price to settle on intraday basis, to notice that the indicators reached exaggerated overbought levels compared to the price move, indicating a quick decline for this bullish momentum.