The GBPJPY pair succeeded to settle above 209.10 level, forming a key support for the bullish attempts, to begin forming strong bullish waves and recording 2110.10 level recently, to approach from the previously suggested target.

The attempt of forming additional support at 210.50 level, and the main indicators attempt to provide positive momentum will increase the efficiency of the bullish scenario, to expect rally towards 211.80, and surpassing this barrier will extend the trading towards new bullish stations that begin at 212.45

The expected trading range for today is between 210.60 and 211.80

Trend forecast: Bullish

Platinum price formed a new bearish attack with the beginning of today’s trading, to approach from the targeted obstacle near $2010.00, which forced it to form bullish corrective rebound, to settle near $2100.00.

The bullish corrective rebound will not threaten the main bearish trend, depending on the main stability below $2210.00, besides the continuation of providing negative momentum by the main indicators, therefore, we will keep the bearish attempts in the current period, which might target 2040.00 and 2010.00 level.

The expected trading range for today is between $2010.00 and $2150.00

Trend forecast: Bearish

Copper price opened today’s trading with clear negativity, forming new negative price gap, achieving $5.5600 level to confirm the previously suggested bearish corrective scenario.

We expect forming more negative attempts to press on the extra support at $5.5100, which represents the key of the expect trend in the near and medium trading, as breaking this support and holding below it will force the price to suffer extra losses that might extend to $5.2800 and $5.1200, while holding above it reinforces the chances of forming some bullish waves, which might extend towards $5.8500 initially.

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

Trend forecast: Bearish

Ethereum price (ETHUSD) is witnessing volatile trading during its latest intraday levels, after previously breaking out of an upward corrective price channel that contained its movements in the short term. Negative and dynamic pressure continues as the price trades below EMA50, which reduces the chances of a near-term recovery, especially with the emergence of negative signals from the relative strength indicators after the price managed to relieve its previous oversold condition.