The GBPJPY pair repeatedly provided negative closes below 213.00 level, forcing it to provide mixed trading by reaching 211.90 as previously expected, this decline will not threaten the bullish scenario, depending on the continuation of forming extra support at 210.60 level, which makes us wait for gathering positive momentum, to activate the attempts of breaching the barrier and targeting new positive stations that might extend towards 214.20 and 215.00.
While breaking 210.60 level and holding below it might force it to form strong decline, which forces it to suffer several losses by reaching 209.80 and 209.10.
The expected trading range for today is between 211.80 and 213.00
Trend forecast: Fluctuating within the bullish trend
Platinum price confirmed the continuation of the previously suggested bearish scenario, by providing new negative closes below $2160.00, to decline approaching the second target at $2080.00.
Providing negative momentum by the main indicators might push it to break $2080.00 level, to open the way for targeting extra negative stations that might begin at $2040.00, while the failure to break it will force it to provide mixed trading, and there is a chance to recover some losses by its rally towards the moving average 55 at $2175.00.
The expected trading range for today is between $2040 and $2130.00
Trend forecast: Bearish
Copper price remains affected by the contradiction of the main indicators, which forces it to provide slow negative trading, to fluctuate near $5.7200, where gathering negative momentum makes us expect forming bearish waves, to attempt to reach the corrective stations at $5.6200, to press on the extra support near $5.5100, forming a key to detect the main trend in the upcoming trading.
While regaining the bullish trend requires forming strong bullish rally to settle above $5.9700 level, to begin targeting new positive stations by its rally towards $6.1200.
The expected trading range for today is between $5.6200 and $5.8200
Trend forecast: Bearish
Ethereum price (ETHUSD) is experiencing strong gains during its last intraday trading, breaching $2,100 resistance, which represented an expected target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish corrective trend on the short-term basis, with the emergence of the positive signals from relative strength indicators.