The GBPJPY pair confirmed its surrender to the dominance of the previously bearish bias by providing new close below 213.40 level, forming an extra barrier against the current trading, breaching 211.80 level to force it to provide temporary mixed trading by holding near 212.65.

Gathering extra negative momentum is important to ease the way for reaching below 211.80, opening the way for resuming the bearish trend by reaching 211.30, attempting to reach the next support near 210.45.

The expected trading range for today is between 211.30 and 213.20

Trend forecast: Bearish 

Platinum price failed to settle above the moving average 55, forcing it to form some bearish corrective waves, attempting to settle below the initial support at $1950.00.

The current negativity is caused by stochastic attempt to provide negative momentum besides forming main barrier at $2080.00, therefore, we will begin preferring the negative attempts, which might target $1865.00 reaching the next target at $1780.00.

The expected trading range for today is between $1865.00 and $2030.00

Trend forecast: Bearish

Copper price declined below the extra support at $5.8100 level, affected by stochastic negativity to target $5.7000 level, increasing the chances of resuming the bearish corrective trend in the near period trading.

Despite the contradiction of the main indicators, the stability below $5.9700 and the price attempt to provide negative close below $5.8100 level, these factors supports the dominance of the bearish corrective trend, to expect targeting $5.5900 level reaching the next support near $5.5100.

The expected trading range for today is between $5.6000 and $5.8800

Trend forecast: Bearish

Ethereum (ETHUSD) moved higher in its recent intraday trading, supported by continued positive momentum as it trades above EMA50. This reinforces the stability and dominance of the main short-term bullish, especially as the price moves along a supporting bullish trendline.

In the background, positive signals continue to emerge from relative strength indicators after the price managed to ease its previous overbought condition, giving it more room to extend its gains in the near term.