No change for GBPJPY pair’s bullish track, due to its stability above 213.30 level, keeping its stability within the minor bullish channel levels, to notice recording 214.55 level on Friday, which forces it to provide mixed trading to reinforce the chances of gathering extra positive momentum.

Stochastic stability within the overbought level will reinforce the chances of targeting extra positive stations, to reach 215.00 to attempt to reach the next main target near 215.72, while the decline below 213.30 and providing negative close will force it to provide bearish corrective trading by reaching 212.60 and 212.05. 

The expected trading range for today is between 213.50 and 215.00

Trend forecast: Bullish

Platinum price affected by temporary negative pressure since Friday, which pushes it to form bearish corrective waves, to test the additional support at $1950.00, to bounce currently towards $2045.00, to settle above the moving average 55.

The stability of the support level and stochastic attempt to provide positive momentum by the main indicators will increase the chances of the rally towards $2075.00 and providing a positive close above it will open the way for resuming the bullish trend, expecting to reach $2130.00 followed by the next barrier at $2205.00.

The expected trading range for today is between $1970.00 and $2130.00

Trend forecast: Bullish

Copper price continued forming bullish waves in Friday’s trading, reaching the second target at $5.8900 level, which forces it to form temporary corrective rebound due to stochastic attempt to exit the overbought level by its fluctuation near $5.8100.

The contradiction of the main indicators might reinforce the dominance of the sideways bias in the current trading, the stability above $5.5000 supports the bullish scenario, to keep waiting for reaching the next barrier at $5.9700, to monitor its behavior to confirm the suggested target in the upcoming trading.

The expected trading range for today is between $5.6800 and $5.9700

Trend forecast: Bullish

Ethereum (ETHUSD) is stabilizing after recent intraday losses, as it attempts to form a higher low that could serve as a base for gaining positive momentum and resuming its recovery.

The price is currently approaching support at EMA50, which may enhance the chances of a near-term rebound. This comes amid a dominant main bullish trend, with price movement alongside a supportive short-term trendline. In addition, positive signals are emerging from relative strength indicators after reaching deeply oversold levels.