The GBPJPY pair kept its stability since yesterday below the barrier at 214.50, which represents a confirmation key for the expected trend in the near and the medium trading, the stability below the barrier will increase the chances of gathering negative momentum to begin targeting corrective stations by reaching 213.50 and 212.75.

While breaching the current barrier and holding above it will cancel the bearish corrective scenario, providing a chance for targeting some extra positive stations by its rally towards 215.10 and 215.70.

The expected trading range for today is between 213.50 and 214.50

Trend forecast: Bearish

Despite the weakness of Platinum price’s last trading, its attempt to settle below the moving average 55 at $2000.00 level supports the attempt of activating the bearish corrective trend, to settle near $1922.00.

The continuation of the negative pressures will reinforce the chances of reaching the corrective target at $1865.00, where breaking it might extend the trading towards $1775.00, which will form the next station for the negative attempts, while the risk of changing the trend and begin the bullish trend remains valid if the price managed to surpass $2080.00.

The expected trading range for today is between $1865.00 and $1990.00

Trend forecast: Bearish

Copper prices remained stable in recent trading, settled near $6.3500 level affected by its confinement between $6.4000 barrier, while $6.1000 level form extra support against the attempt of activating the bearish corrective trend.

Note that providing negative momentum signals by stochastic may push the price toward forming some bearish waves and attempting to attack the current support level. A break below this support would confirm readiness for further corrective waves, to target $5.9500 and $5.8000, while breaching the barrier and holding above it will turn it to the bullish path, to expect recording extra gains by its rally towards $6.6000.

The expected trading range for today is between $6.1000 and $6.4000

Trend forecast: Fluctuated within the bullish trend

Ethereum (ETHUSD) continues to hold near sharp recent losses during intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, besides its trading below EMA50,which adds further downside pressure, especially with ongoing negative signals from the relative strength indicators despite remaining in deeply oversold territory.