The GBPJPY pair kept its bearish corrective track by providing new negative close below 214.50 level, forming corrective waves and achieving the initial target at 213.35.

Providing negative momentum by stochastic will increase the efficiency of the corrective trend, which might target 212.75 reaching 212.25 level, while moving higher requires forming strong bullish rally, to settle above the mentioned barrier.

The expected trading range for today is between 212.75 and 214.20

Trend forecast: Bearish

Platinum price formed more of the bearish corrective trading, affected by providing negative momentum by the main indicators, reaching the initial target at $1865.00, which represents an extra support against the negative trading.

The suggested scenario depends on the strength of the current support, as holding above it will increase the chances of forming bullish waves, to attempt to reach $1960.00, to attack the moving average 55 at $2000.00, while the decline below the support and providing negative close will force it to suffer extra losses by reaching $1805.00 and $1775.00.

The expected trading range for today is between $1865.00 and $1950.00

Trend forecast: Bullish

Copper price delayed the bullish attempts due to the negative stability below $6.4000 barrier besides providing negative momentum by stochastic exit from the overbought level, forcing it to provide corrective trading by target $6.1800 level.

The trading confinement between the mentioned barrier and the initial support at $6.1000 level is expected in the current trading, while breaking the support and holding below it will force it to provide more corrective attempts, which might target $5.9500 reaching $5.8000.

The expected trading range for today is between $6.1000 and $6.3500

Trend forecast: Fluctuating within the bullish trend

Ethereum (ETHUSD) continued its intraday decline, moving closer to the key psychological support level at $2,000, which had been identified as a target in our previous analyses. This comes amid sustained negative and dynamic pressure as the price continues trading below EMA50, reinforcing the dominance of the short-term bearish trend, with price moving along a supporting bearish trend line.

Negative signals from the relative strength indicators also persist, despite reaching deeply oversold conditions, reflecting continued weakness in buying momentum and the ongoing control of sellers over market direction.