The GBPJPY pair ended yesterday’s trading by reaching 215.40 level, which forces it to form sideways trading attempting to gather the required extra positive momentum to confirm the continuation of the positivity in the near and medium period, reminding you that the stability above the extra support at 214.10 is important to avoid the attempts of delaying the bullish trend, reminding you that the stability of the current positive targets near 216.40 level reaching 217.60.

While facing negative pressure might force it to reach below 214.10, to begin forming bearish corrective waves, expecting to reach the initial main support at 213.30. 

The expected trading range for today is between 214.70 and 215.40

Trend forecast: Bullish

Platinum price formed some bearish corrective waves, to approach from the moving average 55 at $1996.00, rebounding towards $2070.00 this morning, attempting to confirm the continuation of the previously suggested bullish scenario.

Note that the main stability above the initial main support at $1950.00 makes us wait for gathering positive momentum to renew the bullish attempts, to target 2135.00 level reaching the next main target at $2205.00.

The expected trading range for today is between $2000.00 and $2135.00

Trend forecast: Bullish

Copper price didn’t move anything since yesterday by its fluctuation near the initial support at $5.9700, due to the contradiction of the main indicators, by providing negative momentum by stochastic, which settles below 50 level.

The sideways trading might continue, reminding you that the negative pressure might force it to form some bearish corrective trading, attempting to reach $5.8200, while activating the bullish trend requires a new bullish momentum to push the price to settle above $6.1200, to begin activating new positive stations that might extend in the initial period at 6.2500.

The expected trading range for today is between $5.8200 and $6.100

Trend forecast: Fluctuated within the bullish trend

Ethereum (ETHUSD) surged during its latest intraday trading, supported by a dominant short-term bullish trend and price movement along an upward supportive trend line. The recent rise allowed the price to break above EMA50, helping it escape previous negative pressure and strengthening the potential for further gains in the near term.

At the same time, the relative strength indicators are showing renewed positive momentum after the price successfully offloaded its overbought condition, which opens the way for rising.