The GBPJPY pair kept its stability since yesterday’s trading above 210.40 level, increasing the chances of gathering the required bullish momentum to motivate the suggested bullish trend, reminding you that the initial positive target is located near 211.70 level, and surpassing the moving average 55 will reinforce the chances of recording extra gains by its rally towards 212.15, to press on the previously broken bullish channel’s support that appears in the above image.

Facing new bearish pressure and reaching below the previously mentioned support will confirm its surrender to the bearish corrective bias dominance, which forces it to suffer extra losses by reaching 209,60 followed by 209.00.

The expected trading range for today is between 210.65 and 212.15

Trend forecast: Bullish

Platinum price remains affected by forming strong barrier at $2835.00 level, to provide temporary corrective trading by its stability near $2685.00.

The continuation of the main indicators contradiction might push the price to provide new corrective trading, to expect reaching $2560.00 then attempting to test the support at $2465.00, while the stability above $2710.00 might motivate the bullish attempts again by attacking $2835.00 barrier, to find an exit to resume the bullish attack in the upcoming period trading.

The expected trading range for today is between $2550.00 and $2710.00

Trend forecast: Fluctuated within the bullish trend

Copper price repeatedly provided sideways trading in the last period, affected by the contradiction between the main indicators, which forces it to settle below $5.9700 barrier, which obstructs the chances of resuming the bullish trend.

All that confirms the price surrender to sideways trading, to keep waiting to achieve the required breach, to open the way for recording new gains by its rally towards $6.1200 reaching the next target at $6.2400.

The expected trading range for today is between $5.7500 and $6.1200

Trend forecast: Sideways until achieving the breach

The (ETHUSD) price settles on strong gains in its last intraday trading, after surpassing EMA50’s resistance, to get rid of its negative pressure, reinforcing the chances of extending its gains on short-term basis, under the dominance of bullish corrective waves on short-term basis, with the emergence of positive signals from relative strength indicators, despite reaching overbought levels.