The GBPJPY pair began receiving positive momentum due to stochastic rally above 50 level, to notice forming some bullish waves and recording 215.70 level.

Holding the minor bullish channel’s support at 214.55 level will help it to renew the bullish attempts, to ease the mission of surpassing the barrier at 215.80, to target new positive stations that begin at 216.40 reaching 217.60.

The expected trading range for today is between 214.60 and 216.40

Trend forecast: Bullish

Platinum price continued to provide weak sideways trading by its continued fluctuation near $2040.00 level, affected by the continuation of the main indicators, to obstruct the chances of resuming the previously bullish trend.

Stochastic reach below 50 level might increase the intraday negative pressures on the trading, to expect reaching the moving average level 55 at $1990.00, attempting to test the extra support near $1950.00, while holding above $2110.00 will motivate the bullish trend, to keep waiting for recording the extra target near $2155.00 and $2205.00.

The expected trading range for today is between $1990.00 and $2100.00

Trend forecast: Fluctuating

Copper price closed yesterday’s trading by reaching $6.1100 level, approaching the barrier at $6.1200, to begin this morning with new negative trading due to the continuation of providing negative momentum by stochastic, to press on the initial support at $5.9700 level.

All the above confirms the effect of the main indicators’ contradiction on the price, which increases the chances of forming bearish corrective waves in the current period, to reach $5.8900 followed by $5.8200, while its success in surpassing the previously mentioned obstacle 

The expected trading range for today is between $5.8200 and $6.100

Trend forecast: Fluctuated

Ethereum (ETHUSD) declined in its recent intraday trading due to the stability of $2,400 resistance level, which was identified as a price target. The current move reflects an attempt to establish a higher low that could serve as a base for rebuilding bullish momentum and resuming recovery.

At the same time, the price is offloading overbought conditions on the relative strength indicators, with the emergence of negative signals from them, to reach EMA50’s support, which reinforces the chances of its recovery on the near-term basis, with its trading alongside supportive trend line for this path.