The GBPJPY pair failed to resume the bullish attack to fall under the effect of stochastic negativity by crawling below 61.8% Fibonacci correction level again at 197.30, to notice its decline towards the additional support at 195.80 direct.

Facing continuous negative pressures might push the price to break the current support to hint its surrender to the domination of the bearish bias to expect suffering many losses by crawling towards 194.90 and 194.00 levels, while rallying above 197.30 will confirm regaining the bullish bias to expect rallying towards the positive targets that start at 198.40.

The expected trading range for today is between 195.00 and 197.30

Trend forecast: Bearish

Platinum price succeeded to confirm the bearish scenario by reaching 898.00$ level, achieving the first waited negative target followed by forming intraday positive rebound due to stochastic exit from the oversold areas.

We remind you that the frequent stability below the additional barrier at 920.00$ and the continuous negative momentum coming by the MA55 allow us to keep the bearish overview that might target new negative stations soon by moving towards 882.00$, while surpassing this obstacle will push the price towards 858.0$ as a next main target for the negative trades.

The expected trading range for today is between 882.00$ and 920.00$

Trend forecast: Bearish

Copper price reacted to the major indicators’ negativity clearly by crawling below the initial support 4.000$, to hint its preparation to activate the negative track for the near-term and medium-term trades.

We assure the importance of providing new closings below the broker support to reinforce the chances of targeting many negative stations that might start at 3.9300$ followed by attacking the next support at 3.8300$.

The expected trading range for today is between 3.9300$ and 4.0500$

Trend forecast: Bearish

Ethereum price (ETHUSD) fluctuates around the EMA50 that forms good resistance against the price, and stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 3222.00$ followed by 3017.304 as next main stations.

On the other hand, we should note that breaching 3510.00$ will push the price to build bullish wave that its targets begin by testing 3680.00$ areas.

The expected trading range for today is between 3240.00$ support and 3500.00$ resistance.

Trend forecast: Bearish