The GBPJPY pair remains stable until this moment below 214.50 level, forming some corrective waves by its stability near 213.50, gaining bearish momentum is important to reach below 212.80 is important, to target several corrective stations near 211.80 and 211.30.
While breaching the barrier and holding above it will cancel the negative overview, opening the way for renewing the bullish trend by its rally towards 216.30.
The expected trading range for today is between 211.80 and 214.20
Trend forecast: Bearish
Platinum price reached $2191.00 level by its last bullish rally, approaching the previously waited main target, to form temporary corrective rebound towards $2135.00, affected by stochastic attempt to exit the overbought level as appears in the above image.
The price might be forced to provide some mixed trading, however it settles above $2060.00 makes us keep the bullish scenario, to keep waiting for surpassing $2195.00 level, extending the trading towards %161.8 Fibonacci extension level at $2245.00.
The expected trading range for today is between $2110.00 and $2215.00
Trend forecast: Bullish
Copper price reached $6.6300 level by its bullish rally, forcing it to form temporary corrective rebound towards $6.4800, attempting to catch its breath and gather some gains.
The stability above the extra support at $6.1000 makes us keeps the bullish scenario, to expect forming new bullish waves by gathering the positive momentum, attempting to reach the next target near $6.7300.
The expected trading range for today is between $6.2000 and $6.6000
Trend forecast: Fluctuated
Ethereum price (ETHUSD) is holding sharp losses during recent intraday trading, affected by a previous break below a major short-term upward trendline. The price is also under negative dynamic pressure as it continues trading below its EMA50, which reduces the chances of a full recovery in the near term.
On the other hand, positive crossover signals appear on the relative strength indicators after reaching deeply oversold conditions, which helped the price stabilize temporarily as it attempts to relieve some of this oversold pressure.