The GBPJPY pair didn’t move anything since yesterday, due to the continuation of forming a strong obstacle at 213.30 level against resuming the bullish scenario, holding is sideways range near 212.90 level.

Confirming that breaching the obstacle and holding above it is important, to reinforce the chances of reaching extra positive stations that are located near 214.05 and 215.20, while the failure of the breach might push it to form corrective trading, which forces it to suffer some losses by reaching 212.35 followed by the main bullish channel’s support at 211.80.

The expected trading range for today is between 212.35 and 214.05

Trend forecast: Sideways until achieving the breach 

Platinum price neediness to the negative momentum led to delay the negative attempts, to keep forming mixed waves and holding near $1905.00.

Reminding you that the stability below the main bearish channel’s resistance at $1980.00 supports the negative scenario in the near and medium trading, therefore, we will keep waiting for gathering additional negative momentum, to reinforce the chances of targeting $1785.00 level, to attempt to breaking the obstacle at $1745.00, to open the way for targeting new corrective stations.

The expected trading range for today is between $1775.00 and $1950.00

Trend forecast: Bearish

Copper price continued to provide sideways trading by its stability near the initial barrier at $5.5100 level, to announce delaying the attempts of resuming the bearish correction due to the continuation of the main indicators’ contradiction in the last period.

The price might continue to provide mixed sideways trading, to keep waiting for extra momentum, to ease the mission of reaching $5.2700 initially, attempting to reach the next target at $4.9500, confirming the importance of its stability in the current period below $5.6300.

The expected trading range for today is between $5.4000 and $5.5800

Trend forecast: Fluctuating

Ethereum (ETHUSD) declined during recent intraday sessions, confirming the break of a major short-term bullish trend line. The price remains under negative pressure due to the trading below EMA50, which reinforces the negative pressure on the price. The price is not affected by the emergence of positive signals from relative strength indicators, attempting to offload some of its clear oversold conditions, indicating the strength and volume of the negative pressure.