The GBPJPY pair needs positive momentum until this moment, forcing it to form weak sideways trading by its stability near 215.40, note that the stability of the trading above the initial support at 214.15 in the current period, to confirm the continuation of the positivity, which might target 216.20 level reaching 217.00.
While facing negative pressure and reaching below 214.15 will push it to activate the bearish corrective track, to expect suffering several losses by reaching 213.60 and 213.30.
The expected trading range for today is between 214.55 and 216.20
Trend forecast: Bullish
Platinum price was forced to delay the bullish trend and providing weak sideways trading by its fluctuation near 2075.00 level due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level as appears in the above image.
Which will not affect the main bullish scenario due to the continuation of forming the initial main support at $1950.00 level, the stability of the moving average 55 below the current trading will help it to confirm its confinement within the bullish track, to keep waiting for gathering positive momentum and reaching the next positive target near $2205.00
The expected trading range for today is between $2030.00 and $2145.00
Trend forecast: Bullish
Copper price began its trading by losing the bullish momentum due to stochastic attempt to end the bullish rally, to settle again near $5.9700 level, which formed strong barrier in the previous trading.
The stability above $5.9700 supports the chances of gathering the required extra positive momentum to motivate the bullish rally that might target $6.1550 and $6.2500, while the decline below it might force it to provide temporary trading, to target $5.8100 before reaching the additional positive targets.
The expected trading range for today is between $5.9100 and $6.1550
Trend forecast: Fluctuated
Ethereum (ETHUSD) declined slightly in its recent intraday trading, while attempting to build positive momentum that could help it to breach the key and stubborn resistance level at $2,380. This comes amid continued trading above EMA50, which strengthens the dominance of the short-term bullish trend, supported by positive signals from the relative strength indicators, reinforcing the likelihood of recovery in the near-term basis.