The GBPJPY pair provided a new negative close yesterday below 210.60 level, announcing its surrender to the previously negative bias dominance, recording some targets by reaching 209.60 level, providing some sideways trading due to the continuation of the main indicators contradiction.

In general, the bearish scenario will remain valid if the trading settles below the resistance at 212.20, confirming the importance of gathering extra negative momentum, to ease the mission of reaching 209.10 and surpassing it might extend the losses directly towards 208.25.

The expected trading range for today is between 209.10 and 210.60

Trend forecast: Bearish

Platinum price attempted to exit the bearish track, by surpassing the minor bearish channel’s resistance at $1940.00, facing the moving average 55, forming an extra barrier at $1980.00, which forces it to provide weak sideways fluctuation by its stability near $1950.00.

The stability below the moving average 55 will increase the chances of its return to the negative track, to reach $1865.00 and $1810.00, while its success by surpassing the moving average 55 and holding above it will open the way towards recording extra gains that might extend in the initial period towards $2040.00 and 2090.00.

The expected trading range for today is between $1865.00 and $1980.00

Trend forecast: Bearish by the stability of the barrier

Copper price faced new positive pressures yesterday, which forced it to delay the previously waited bearish trend by its rally above $5.5100, to record some gains by its rally to $5.6035.

Note that holding above $5.5100 for today will increase the chances of targeting new positive stations, reaching $5.7300 and $5.8400, while its decline below the barrier and providing negative close will turn it to the negative path, to begin targeting negative stations by reaching $5.3000.

The expected trading range for today is between $5.5200 and $5.7300

Trend forecast: Bullish

Ethereum (ETHUSD) declined slightly during recent intraday trading in a quick attempt to take profits from previous gains and to gather positive momentum to resume its upward movement. This came as the price broke out of a short-term bearish corrective channel that had been limiting its prior movements, benefiting from dynamic support as it trades above EMA50. With the emergence of positive signals from the relative strength indicators, after the price previously managed to ease its overbought condition.