The GBPJPY pair leaned on the moving average 55, pushing it to form some bullish waves by targeting 201.10 level, attempting to recover some of the recently achieved losses.

We couldn’t confirm the bullish attack as there are several barriers near 201.75 and 202.40, and the continuation of the fluctuation below 50 level might increase the negative pressure, to keep preferring the bearish corrective track, to target 200.25 level reaching 198.70.

The expected trading range for today is between 200.20 and 201.60

Trend forecast: Bearish

Platinum price remains confined until this moment between $1605.00 barrier and $1525 support, which represents a solid obstacle against the attempts of resuming the suggested bearish decline.

The contradiction between the main indicators makes us stay neutral and wait for surpassing one of these levels to confirm the expected trend in the near and medium trading, reminding you that breaking the support and holding below it will force the price to suffer extra losses that might extend to $1485.00 and $1440.00.

The expected trading range for today is between $1530.00 and $1600.00

Trend forecast: Neutral

Copper price kept forming temporary corrective trading, affected by the continuation of the contradiction between the main indicators, besides the negative stability below $5.2000.

Therefore, we expect the continuation of providing mixed trading, and there is a chance for testing the extra support at $4.7500, noting that the price success in surpassing the barrier and holding above it will open the way for recording extra gains that might begin at $5.3200.

The expected trading range for today is between $4.7500 and $5.0500

Trend forecast: Bearish

The (ETHUSD) price settled higher in its last intraday trading, retesting the resistance of $3,435, attempting to correct the main bearish trend on the short-term basis, amid its trading alongside supportive minor trendline for this track, with the continuation of the negative pressure due to its trading below EMA50, the beginning of forming negative divergence on the relative strength indicators reinforces the negative pressure on the price, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals.

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