The GBPJPY pair ended its last bullish rally by recording the target at 213.45, to form a strong obstacle against the attempts of resuming the bullish trend, which forces it to activate with the stochastic negativity by forming corrective rebound, to notice testing the bullish channel’s support at 212.30.

Reminding you that the repeated rise above 212.00 level which represents %2.380 Fibonacci extension level supports the chances of renewing the bullish attempts, to expect targeting 213.00 level, to attempt to surpass the mentioned obstacle, while declining below 212.00 and providing a negative close will confirm its surrender to the dominance of the bearish corrective bias, to expect suffering some losses by reaching 211.45 initially.

The expected trading range for today is between 212.00 and 213.45

Trend forecast: Bullish

Platinum price benefited from providing bullish momentum by the main indicators, forming a new bullish rally, surpassing the barrier at $2420.00 to record new historical target by reaching $2444.00 level.

Depending on forming extra support at $2340.00 level, to confirm the price confinement within the bullish track, noting that there are strong chances for recording new all-time highs that might begin at $2500.00 and $2545.00.

The expected trading range for today is between $2400.00 and $2500.00

Trend forecast: Bullish

Copper price remains affected by the contradiction between the main indicators besides the negative stability below $5.9700 barrier, which obstructs the chances of renewing the bullish attempts, which increases the chances of forming new bearish corrective waves in the near period, to expect targeting $5.6500 level, reaching the initial main support at $5.5100.

While the price success in breaching the barrier and holding above it will open the way for recording new historical gains, to expect reaching the resistance of the bullish channel at $6.1900, and surpassing it will confirm its move to new bullish station in the futuristic trading.

The expected trading range for today is between $5.6500 and $5.9500

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, in attempt to recover some of its previous losses, and attempting at the same time to offload its clear oversold conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the negative pressures around the price.