The GBPJPY pair touched the first additional negative target by reaching 188.68 followed by forming correctional bullish rebound to settle near 190.35, noting that the consolidation within the minor bearish channel and settling below 191.70 resistance line confirm the preparation to renew the negative attempts and repeat the pressure on 188.70 level, while confirming the break will push the price to reach the next negative target at 187.90.

On the other hand, breaching the mentioned resistance and settling above it will allow the price to build new bullish track to press on 50% Fibonacci correction level at 193.35.

The expected trading range for today is between 188.00 and 191.30

Trend forecast: Bearish

Despite platinum price attempt to face the negative pressures, the frequent consolidation below 983.00$ will increase the chances of activating the correctional bearish track on the near-term basis, to expect suffering more losses by crawling towards 950.00$

On the other hand, succeeding to jump above 983.00$ and providing positive close will allow the price to form some bullish waves, to achieve more gains by rallying towards 1000.00$ followed by reaching 61.8% Fibonacci correction level at 1017.00$.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bearish

Copper price attempted to face the negative pressures by fluctuating above the initial support 4.5300$, while the continuous contradiction between the major indicators pushes the price to provide new sideways trades to keep its stability below 4.6800$ barrier.

We expect to continue providing sideways trades, noting that stochastic continuous negative momentum might assist to decline below the current support and suffer additional losses by reaching 4.4600$.

The expected trading range for today is between 4.4600$ and 4.6200$

Trend forecast: Bearish

Ethereum price (ETHUSD) shows tight trades since yesterday, confined between the key resistance 2764.75$ and the minor bullish channel’s support line that rises now to 2680.00$, waiting to break this level to activate the negative effect of the bearish flag pattern followed by resuming the expected bearish trend for the upcoming period.