The GBPJPY pair kept its positive stability by holding above 214.50 support, recording some extra gains by reaching 216.05 level. The attempts to hold above 215.55 level and provide positive momentum by the main indicators will increase the chances of forming new bullish waves reaching 216.05 level and reaching the main next target near 217.60.

While the return of holding below the previously mentioned support will cancel the bullish scenario, forcing it to provide strong bearish trading, forcing it to suffer several losses by reaching 213.50 and 212.70.

The expected trading range for today is between 215.00 and 216.40

Trend forecast: Bullish

There is no change for Platinum price’s track by its stability within the minor bearish channel’s levels, depending on the stability of its resistance that is located at $1665.00, besides the main stability below $178000 barrier confirms the continuation of the previously suggested negativity, therefore, we will keep waiting for gathering extra negative momentum, allowing it to reach the initial target near $1510.00, and surpassing it will extend the trading directly towards $1480.00 and $1435.00.

While the price rally above $1780.00 and providing a positive close will force it to delay the negative moves, to provide a chances for achieving some gains by its rally towards $1810.00 and $1865.00.

The expected trading range for today is between $1510.00 and $1650.00

Trend forecast: Bearish

Copper price remains stable until this moment above the moving average 55, which keeps forming extra support level at $5.9500, obstructing the chances of resuming the previously waited corrective decline.

Reminding you that the negative stability below $6.3000 barrier supports the dominance of the bearish corrective track, to keep waiting for gathering the required extra negative momentum to break the current obstacle, to reach negative stations that might begin at $5.8200 and $5.7100.

The expected trading range for today is between $5.820 and $6.1500

Trend forecast: Bearish

(ETHUSD) witnessed fluctuating trading in its latest intraday trading, keeping its gains and benefiting from surpassing the resistance of its EMA50, which provided dynamic support base that reinforces the price ability to extend these gains in the near period.

On the other hand, we notice the beginning of negative signals appearance from the relative strength indicators, after reaching overbought levels, reducing the chances of recovery, especially with the dominance of the main bearish trend on the short-term basis.