The GBPJPY pair ended the bearish corrective rebound by testing the extra support at 216.40, to settle above it attempting to keep the previously suggested bullish scenario and providing positive momentum by the main indicators will increase the chances of targeting 217.30, to attempt to press on 217.90, to find an exit for resuming the bullish attempts and recording more gains in the upcoming period.
Facing negative pressure and reaching below the current support will confirm its surrender to the bearish corrective trend dominance, to expect suffering several losses by reaching 215.90 and 215.40.
The expected trading range for today is between 216.60 and 217.90
Trend forecast: Bullish
Platinum price provided weak trading recently by its fluctuation near $1595.00 level, surrendering to the bearish trend, which depends on the continuation of forming a main resistance at $1810.00 level, besides the stability of the extra barrier near $1690.00 level.
The attempt to provide negative momentum by the main indicators might increase the negative pressure in the current trading, which makes us keep the negative scenario, which might target $1555.00 level, to press on the support at $1510.00, to find an exit for resuming the decline in the upcoming trading.
The expected trading range for today is between $1555.00 and $1640.00
Trend forecast: Bearish
No news for copper prices by providing new mixed trading, holding near $6.1300 level, delaying the bearish corrective trend, due to the contradiction between the main indicators’ positivity and the negative stability below $6.3000 barrier.
The price may provide mixed trading until gathering the required and negative momentum, to surpass $5.9500 support, to begin targeting negative stations by reaching $5.8200 and $5.7100.
The expected trading range for today is between $5.9500 and $6.2000
Trend forecast: Bearish
(ETHUSD) witnessed fluctuating trading in its latest intraday levels, with the emergence of negative signals from the relative strength indicators, to attempt to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside minor trend line that supports this trend, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of this recovery.