The GBPJPY pair continued forming repeated negative trading, to confirm its surrender to the previously suggested bearish scenario by reaching 211.20, to form sideways fluctuating due to the contradiction of the main indicators to settle near 211.65.
Note that the stability below 213.50 barrier confirms the trading confinement within the bearish track in the upcoming trading, therefore, we will keep waiting for gathering extra negative momentum, to ease the mission of targeting 211.00 level, to attack 210.45 support, forming confirmation key for the upcoming trading.
The expected trading range for today is between 210.45 and 212.30
Trend forecast: Bearish
Platinum price continued forming bearish corrective trading, affected by forming additional barrier at $2060.00 level, reaching the initial support at $1950.00, to achieve the previously suggested corrective target.
The continuation of the negative pressure, specifically by stochastic attempt to reach the oversold level, which might force the price to suffer extra losses by reaching 1910.00 followed by the next support at $1865.00, while breaching $2060.00 level, and holding above it will provide a chance for renewing the bullish attempts by its rally towards $2130.00.
The expected trading range for today is between $1910.00 and $2030.00
Trend forecast: Bearish
Copper price remains affected by the bearish corrective trend, due to its stability below $6.5400 level, to notice resuming the attempts of gathering gains by reaching $6.1400, to approach the initial support at $6.1000.
The main indicators contradiction forces the price to delay the bullish attempts in the current period, to form mixed sideways trading, and there is a chance for reaching below the current support, to expect targeting $5.9500 and $5.8000, while activating the bullish trend depends on the stability above $6.3800.
Today's expected trading range is $6.1000 and $6.3000.
Trend forecast: Bearish
Ethereum continued its intraday decline, amid the dominance of a short-term bearish trend, with the price moves alongside supportive trendline for this path, besides the continuation of the negative and dynamic pressure due to its trading below EMA50, this bearish momentum is supported by negative signals from the relative strength indicators after reaching overbought conditions, which adds additional pressure on price stability and increases the likelihood of further downside movement.