No news for the GBPJPY pair despite the frequent stability above 191.80 support line, to notice its surrender to the stability of 194.30 resistance line in addition to stochastic negative momentum signals.

These factors confirm the price affection by the domination of the sideways bias, to provide mixed trades until breaching the resistance to manage to achieve additional gains by rallying towards 194.80 and 195.55 levels.

The expected trading range for today is between 192.80 and 194.30

Trend forecast: Bullish

Platinum price repeated the negative closings below 955.00$ barrier, hinting its surrender to the continuous domination of the correctional bearish bias by consolidating near 940.00$.

Also, stochastic continuous negative momentum assists to provide more negative trades until reaching the additional support at 920.00$, while breaching the barrier and holding above it will push the price back to the bullish track to expect achieving many gains by rallying towards 972.00$ followed by reaching 983.00$.

The expected trading range for today is between 920.00$ and 955.00$

Trend forecast: Bearish

Copper price surrenders to the major indicators’ negativity, forming bearish wave to fluctuate below the MA55 and approach 4.1500$ support line.

We expect to witness more temporary negative trades, noting that breaking the current support will force it to suffer additional losses that might extend towards 4.0200$, while regaining the bullish bias requires forming strong bullish rally to surpass 4.3300$ followed by starting to target the positive stations by moving towards 4.4500$.

The expected trading range for today is between 4.1500$ and 4.2600$

Trend forecast: Bearish

Ethereum price (ETHUSD) bounced bearishly after testing 3222.00$ level in the previous sessions, to reach the key support 3017.30$, noticing that the price attempts to recover and build new bullish wave, motivated by stochastic current positivity.

Until now, our neutrality still valid until the price confirms surpassing one of the above mentioned levels, noting that breaking the mentioned support will put the price under additional negative pressure that targets 2765.00$ areas on the near-term basis, while breaching the resistance will motivate the price to build new bullish wave that its first main target located at 3425.50$.

The expected trading range for today is between 2970.00$ support and 3260.00$ resistance.

Trend forecast: Neutral