The GBPJPY pair formed some bullish trading, to reach 61.8%Fibonacci correction level at 214.30, which forms a strong barrier to begin forming strong bearish waves, confirming the previously mentioned bearish scenario, to settle near 211.50.

The continuation of providing negative momentum by the main indicators will ease the mission of breaking the barrier at 211.30 level, to open the way for resuming the bearish trend, to expect reaching 210.45 support, which represents a confirmation key for the expected trend in the near and medium trading, as breaking this support will force the price to suffer extra losses that might extend towards 209.65 and 209.00.

The expected trading range for today is between 210.45 and 214.20

Trend forecast: Bearish

Platinum price resisted the negative pressures by holding above the additional support at $1950.00, to begin forming bullish waves to press on the moving average 55 at $2000.00.

The continuation of the main indicators’ attempts might support the chances of renewing the bullish trend, to expect reaching $2080.00 barrier, where surpassing it will confirm its readiness to record extra gains that might extend towards $2120.00 and $2190.00, while the return to the bearish corrective trend requires breaking the initial main support at $1865.00.

The expected trading range for today is between $1950.00 and $2080.00

Trend forecast: Bullish

Copper price began this morning with strong positivity, to rally above $5.9700 level, taking advantage of the attempt to provide positive momentum by the main indicators, to settle near $6.0080.

Providing a positive close above the breached barrier is important to confirm its readiness to activate the bullish trend, to expect targeting $6.1200 and $6.2500 level initially, while activating the corrective trend requires providing negative close below $5.8100.

The expected trading range for today is between $5.8700 and $6.1200

Trend forecast: Bullish

Ethereum (ETHUSD) is experiencing choppy intraday trading as it attempts to build positive momentum that could help it break the key nearby resistance at $2,400. The price is supported by dynamic strength from trading above EMA50, which reinforces the stability and dominance of the short-term bullish trend.

In addition, relative strength indicators are starting to show positive signals after reaching deeply oversold conditions, suggesting the beginning of a bullish divergence, which may support further upside movement.