The GBPJPY pair ended the recent negative attack by approaching the first additional target at 189.90, to form solid obstacle against the negative trades and notice forming bullish rebound in attempt to cover some losses by settling near 192.35 now.

Note that the main stability below 193.90 extended barrier forms major factor to confirm the continuation of the negativity for the upcoming period, also, the continuous negative momentum provided by the major indicators will motivate the price to form negative waves and repeat the attempt to target 191.00 level, while surpassing it will extend losses towards 189.30.

The expected trading range for today is between 190.60 and 193.30

Trend forecast: Bearish

Platinum price didn’t show any new action yesterday, to continue fluctuating near the MA55, to keep its main stability above 935.00$ support line, confirming keeping the bullish track until this moment.

Stochastic exit from the overbought areas might force the price to provide more sideways trades until succeeding to gain the required additional momentum to form new bullish waves to target 983.00$ followed by reaching 1005.00$ on the medium term basis.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bullish

Copper price touched the targeted barrier at 4.3300$ to form sideways fluctuation due to stochastic attempt to exit the overbought areas, which might assist to postpone resuming the rise for today.

We will depend on the stability above the MA55 that reinforces the strength of the additional support at 4.1300$ to increase the chances of gathering the positive momentum and achieving the required breach to open the way to record additional gains that might extend towards 4.4100$ and 4.5300$ soon.

The expected trading range for today is between 4.2000$ and 4.3300$

Trend forecast: Bullish

Ethereum price (ETHUSD) attempted to break 3017.30$ level and approached 2900.00$ level, but it bounced upwards clearly to head towards potential test to the key resistance 3222.00$, and as we mentioned in our last report, the price needs to hold below this level to keep the bearish trend valid for the upcoming period, which its next main target reaches 2765.00$ areas.

The technical indicators support the expected decline, noting that breaching 3222.00$ will push the price to achieve more gains and open the way to visit 3425.50$ areas before determining the next destination clearly.

The expected trading range for today is between 3020.00$ support and 3290.00$ resistance.

Trend forecast: Bearish