The GBPJPY pair confirmed breaching 215.70, activating with the positivity of the main indicators and recording clear gains by their approach from the main initial target at 216.40.

No escape from resuming the bullish trend, to expect recording extra gains by its rally towards 217.20, which forms an extension for a key resistance as appears in the above image, note that the risk of changing the trend is represented by breaking the minor bullish channel’s support at 215.30.

The expected trading range for today is between 215.60 and 217.20

Trend forecast: Bullish

Platinum price began this morning with clear positive trading, to form extra support at $1865.00 level, recovering some losses by its stability near $1915.00 level.

The stability above $1865.00 level might help to activate the bullish attempts in the near period, which might target $1960.00 and $1985.00 level, while the decline below the extra support will open the way for targeting new corrective stations by reaching $1825.00 followed by the next target at $1775.00.

The expected trading range for today is between $1865.00 and $1940.00

Trend forecast: Bullish

Copper price ended the last corrective decline by reaching the target at $5.8100, forming an obstacle against the negative trading, to notice its sideways fluctuation near $5.8500.

The contradiction of the main indicators might reduce the chances of forming bullish waves, specifically by forming extra barrier at $5.9700 level, while providing negative momentum by stochastic might push the price to break $5.8100 level, which forces it to suffer extra losses that might extend towards $5.7000 and $5.5900.

The expected trading range for today is between $5.7000 and $5.9100

Trend forecast: Bearish

Ethereum (ETHUSD) declined in recent intraday trading, preparing to break below the key support level at $2,250, which previously acted as our price target. This comes amid the dominance of a short-term bearish corrective wave, with continued downside pressure as the price remains below EMA50, beside the emergence of bearish signals from the relative strength indicators.

Accordingly, our expectations point to a decline in Ethereum during the upcoming intraday trading, especially if it breaks below the mentioned $2,250 support level, targeting the next support at $2,175.