The GBPJPY pair ended yesterday’s trading by providing a new negative close below the resistance of 213.30, to increase the chances of activating the previously suggested bearish corrective track. The price needs a new negative momentum, to pave the way for reaching 212.00 level, to begin targeting the corrective stations that are located near 211.50 and 210.60.

The price rally above the previously mentioned resistance and holding above it will confirm its movement to the bullish trend, due to its stability within the minor bullish channel’s levels, to expect recording several gains that might begin at 214.10.

The expected trading range for today is between 211.50 and 213.30

Trend forecast: Bearish

Platinum price forced to provide mixed trading after reaching $2093.00 level, due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level, however, this won’t affect the bullish scenario due to its stability above the moving average 55, reinforcing the stability of the extra support at $1950.00.

Gathering extra positive momentum is important for breaching $2080.00 barrier, to begin targeting new positive stations that might begin at $2130.00 reaching the next resistance at $2205.00.

The expected trading range for today is between $1970.00 and $2130.00

Trend forecast: Bullish

Copper price continued forming positive trading, to achieve the initial target by reaching $5.7400 level, which forces it to provide some sideways trading, to gather extra positive momentum.

Reminding you that the stability above $5.5000 level with the continuation of the moving average 55 stability near it will reinforce the efficiency of the bullish trend, to expect recording extra gains that might extend towards $5.8300 and $5.9700.

The expected trading range for today is between $5.600 and $5.8300

Trend forecast: Bullish

Ethereum (ETHUSD) declined slightly during its recent intraday trading, amid negative signals from the relative strength indicators after reaching heavily overbought levels. The price is seeking to form a rising base that could help it regain the positive momentum needed for recovery, while the main short-term uptrend remains intact. Support from trading above EMA50 continues to strengthen the chances of a near-term rebound.