The GBPJPY pair confirmed its surrender to the bearish corrective trend by providing a new close below 214.50 level, to begin forming bearish waves, achieving the corrective targets by reaching 212.75 level, forcing it to form mixed trading due to the continuation of the main indicators’ contradiction.

The price needs a new bearish momentum to help it renew the bearish attempts, which might target 211.80 and 211.30, while breaching the mentioned barrier and holding above it will cancel the negative scenario, providing chance to begin forming new bullish waves, to expect forming initial positive station at 215.25 level.

The expected trading range for today is between 211.80 and 214.20

Trend forecast: Bearish

Platinum price formed some bearish corrective waves, to test the additional support level at $2060.00, to rise again to settle near $2135.00 level, to confirm the continuation of the previously suggested bullish scenario.

The continuation of the support that comes from stochastic will reinforce the chances of forming new bullish waves, to ease the mission of reaching the target at $2195.00, surpassing it might lead it to reach %161.8 Fibonacci extension level at $2245.00.

The expected trading range for today is between $2060.00 and $2195.00

Trend forecast: Bullish

Copper price kept its positive stability, taking advantage of $6.1000 support, activating with the positivity of the main indicators by its rally towards $6.600, recording the initial suggested target in the previous report.

The above-mentioned positive factors make us keep the bullish scenario, to attempt to reach the next main target at $6.7300, which forms a new additional barrier against the current trading.

The expected trading range for today is between $6.3300 and $6.730

Trend forecast: Bullish

Ethereum (ETHUSD) rose in recent intraday trading after holding firmly above the important support level at $2,265, which provided positive momentum and helped the price recover part of its previous losses. At the same time, the market is attempting to unwind oversold conditions shown on the relative strength indicators, despite emerging positive signals.

However, the broader outlook remains pressured, as the price continues to trade below EMA50, limiting the strength and sustainability of any recovery in the near term. This is further reinforced by the breakdown of a short-term ascending trend line, which adds to the negative technical outlook.