The GBPJPY pair faced negative pressures in the last trading, by providing new closes above 210.60 level, to fluctuate near 212.10, attempting to gather the required extra positive momentum to confirm the previously suggested bullish scenario.

The price needs to surpass 212.45 level, forming an intraday barrier in the last period, which allows it to form new bullish waves, to target the initial stations at 213.05 and 214.05, while its decline below 210.60 and providing negative close will force it to activate the negative movement, suffering several losses that might begin at 209.15.

The expected trading range for today is between 211.65 and 214.00

Trend forecast: Bullish

Platinum prices suffer big losses since this morning, confirming its surrender to the suggested bearish bias, to reach $1745.00, which represents an extra support against the bearish trading.

The price might be forced to provide some sideways trading, but the continuation of providing negative momentum by the main indicators might increase the chances of breaking this support to ease the mission of targeting extra negative stations that might extend to $1655.00 and $1610.00, while holding above the current support for four hours might provide an opportunity for recovering some losses by its rally towards $1860.00 reaching $1945.00.

The expected trading range for today is between $1740.00 and $1800.00

Trend forecast: Fluctuating within the bearish track.

Copper price confirmed its surrender to the bearish corrective bias, by providing several closes below the broken support that is represented by $5.5100 level, recording negative targets by reaching $5.1900.

The continuation of providing negative momentum by the main indicators might push the price to resume the corrective moves, to reach $5.0500 that might form an extra support, breaking this support will open a new way for targeting extra negative stations that might begin at $4.9500, while the stability above it might provide a chance for forming some bullish waves, to target $5.4200 level.

The expected trading range for today is between $5.0500 and $5.4000

Trend forecast: Bearish

Ethereum (ETHUSD) kept declining in its recent intraday trading, affected by the dynamic and negative pressure that is represented by its trading below EMA50, to break main bullish trend line on short-term basis, intensifying the negative pressure on the price, despite the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which helped it to reduce the sharp losses, which will not has strong effect unless it recovers the key and near resistance levels.