The GBPJPY pair succeeded to end the negative trades by approaching 189.75 support line yesterday, which forms 61.8% Fibonacci correction level to form strong bullish waves and cover many recent losses to settle near 192.70.

Resuming the bullish attempts requires surpassing 50% Fibonacci correction level at 193.30 to open the way to target new positive stations that might extend towards 194.10 followed by attempting to surpass 194.75 obstacle.

The expected trading range for today is between 192.00 and 193.85

Trend forecast: Sideways

Platinum price approached the MA55 yesterday at 955.00$, affected by the frequent stability below 983.00$ barrier that formed solid obstacle against the attempts to resume the bullish attack recently.

We expect to witness mixed trades now, noting that stochastic attempt to provide the negative momentum might push the price to suffer additional losses by crawling towards 940.00$, while succeeding to surpass the barrier and holding above it will reinforce the chances of renewing the bullish attack, to target 1005.00$ as a next station.

The expected trading range for today is between 940.00$ and 983.00$

Trend forecast: Bearish

Copper price succeeded to get rid of the negative pressures by facing 4.1500$ support line, to motivate it to activate the bullish trades again by surpassing the MA55 and settling near 4.3300$ barrier again.

We recommend to wait to breach the current barrier and getting positive close above it to confirm its preparation to resume the bullish attempts that might target 4.4400$ followed by reaching 50% Fibonacci correction level at 4.5400$.

The expected trading range for today is between 4.0200$ and 4.2700$

Trend forecast: Bearish

Ethereum price (ETHUSD) managed to breach 2764.75$ and hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, on its way to visit 3017.30$ as a next target, noting that breaching this level will push the price towards 3222.00$ as a next positive station.

Holding above 2764.75$ is important to the continuation of the expected rise, as breaking it will put the price under new negative pressure to head towards testing 2356.50$ areas on the near-term basis.

The expected trading range for today is between 2650.00$ support and 2970.00$ resistance.

Trend forecast: Bullish