The GBPJPY pair lost the bullish momentum yesterday after recording 219.25 level, which forces it to activate the attempts of gathering gains, forming some negative corrective trading by reaching 218.45.

The price keeps forming corrective trading, attempting to test 217.90 level reaching the bullish channel’s support at 217.65, it will not affect the main bullish scenario, depending on forming main support at 216.30 level against the bullish trading.

The expected trading range for today is between 217.90 and 219.20

Trend forecast: Fluctuating within the bullish trend.

Platinum price kept its negative stability below the extra barrier at $1690.00, keeping the bearish corrective scenario, forming strong bearish waves, to settle near $1585.00.

Providing negative momentum by the main indicators will increase the chances of surpassing $1560.00 level, reinforcing the chances of reaching $1532.00, where surpassing it will open the way for reaching new bearish stations that begin at $1490.00 and $1440.00.

The expected trading range for today is between $1530.00 and $1620.00

Trend forecast: Bearish

Copper price ended the last bullish rally by recording $6.3650 level, holding below the main barrier at $6.5100, announcing its readiness to renew the bearish corrective attempts by reaching $6.1100.

The price needs a new negative momentum to reinforce the chances of resuming the negative attempts, to reach $6.0500, repeating the pressure on the barrier at $5.9000 to find chances for targeting new corrective stations that might begin at $5.7800.

The expected trading range for today is between $5.9000 and $6.2500

Trend forecast: Bearish

(ETHUSD) settles with series of consecutive losses in its latest intraday levels, attempting to look for higher low to use it as a base to help it gain the required bullish momentum to recover and rise again, leaning on the key support at $1,840, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, noticing the emergence of positive crossover on the relative strength indicators after reaching exaggerated oversold levels compared to the price action, to suggest forming a positive divergence.