The GBPJPY pair keeps the bullish scenario by testing the support level of the minor bullish channel at 214.90, rebounding quickly to 215.70 level.

We recommend waiting to achieve the required breach, confirming its move to a new positive station, to begin targeting the initial positive stations at 216.40 and 217.20.

The expected trading range for today is between 215.30 and 216.40

Trend forecast: Bullish

Platinum price continued forming bearish corrective waves, affected by the negativity of the main indicators, recording the previously suggested corrective target by reaching $1905.00 level.

Stochastic stability within the oversold level and forming main barrier at $2080.00 level will increase the efficiency of the negative track in the near period, to expect attacking $1865.00 level, and surpassing it will make the price suffer extra losses by reaching $1825.00 and $1775.00.

The expected trading range for today is between $1865.00 and $1980.00

Trend forecast: Bearish 

Copper price activated the corrective decline by reaching below $5.9700 level, activating with the negativity of the indicators by reaching $5.850, approaching the suggested targets in the previous report.

Note that holding above $5.8100 level might allow it to begin forming bullish waves, to target $6.0200 level, to press at $6.1200 barrier, while facing new bearish pressures might force it to resume the corrective decline by reaching below $5.8100, to expect targeting $5.7000 and $5.5900 level.

The expected trading range for today is between $5.8100 and $6.0200

Trend forecast: Fluctuating within the bullish trend

Ethereum (ETHUSD) settles with cautious gains in recent intraday trading, managing to recover part of its earlier losses while successfully easing oversold conditions on the relative strength indicators. However, these indicators have now moved into heavily overbought territory relative to price action, suggesting a rapid loss of bullish momentum.

This comes in the context of a broken short-term bullish trend line, alongside continued negative pressure as the price remains below EMA50. These factors limit the chances of a full recovery in the near term and maintain downside risk.