The GBPJPY pair formed more bearish waves, approaching 212.80 to begin recovering some losses by its rally towards 214.00 as appears in the above image.

Reminding you that the stability of the trading below 214.50 level will increase the chances of facing new bearish pressures, repeating the attempts of reaching 212.80, as breaking it will open the way for resuming the negative attack and reaching 212.00 and 211.45, while breaching the barrier and holding above it will cancel the negative scenario, opening the way for activating the bullish trend again by targeting 215.30 level initially.

The expected trading range for today is between 213.20 and 214.50

Trend forecast: Bearish

Platinum price resumed the negative attempts, to settle near the initial additional target at $1742.00, which represents confirmation key for the suggested trend in the near trading.

Reminding you that the stability below $1865.00 level with the continuation of the negative pressure that comes from the main indicators might increase the efficiency of the bearish trend by breaking $1740.00 level and reaching new negative stations that begin at $1680.00 and $1645.00.

The expected trading range for today is between $1680.00 and $18565.00

Trend forecast: Bearish

Despite the weakness of copper price’s last trading, however the stability below the barrier at $6.6600 supports the chances of forming new bearish corrective waves due to the continuation of the negative pressure by stochastic.

We expect reaching the initial support at $6.1000, where surpassing it will open the way for reaching new corrective stations that might begin at $5.9600 and $5.8200. 

The expected trading range for today is between $6.0000 and $6.3600

Trend forecast: Bearish

Ethereum (ETHUSD) declined in recent intraday trading, under continued bearish pressure as it remains below the EMA50, which reinforces the dominance of the short-term downtrend. Price action is also moving along a descending trendline, supporting the ongoing negative structure.

In addition, relative strength indicators are showing renewed negative signals, keeping the bearish outlook intact for the near term unless key resistance levels are broken. This setup maintains downward pressure on the price.