The GBPJPY pair suffered strong bearish pressure by reaching below 201.70 level, forming strong decline to surpass the extra support at 200.45, to face the moving average 55 by hitting 199.05 level.

The contradiction between the main indicators confirms the dominance of the sideways bias, which forces it to provide mixed trading, however the stability below the key barrier at 201.70 supports the chances of resuming the bearish correction, to attempt to target 198.75 and 197.85 level.

The expected trading range for today is between 198.75 and 200.75

Trend forecast: Bearish

Platinum price closed yesterday’s trading by attacking extra support level at $1525.00 to settle above it, affected by the instability of the price due to the contradiction between the main indicators, noting that reaching below the current support and providing negative close will force it to suffer extra losses that might extend towards $1485.00 reaching $1440.00.

While regaining the bullish trend requires forming strong bullish waves, to reach $1695.00 barrier, to confirm surpassing the chances of recording new gains in the upcoming period.

The expected trading range for today is between $1485.00 and $1572.00

Trend forecast: Bearish

Copper price remains affected by the negative pressure, confirming its stability below $5.2000 barrier, by the image, we notice the continuation of providing bearish corrective trading and its stability near $4.9000.

Reminding you that there is a chance for testing extra support at $4.7500, and surpassing it will force it to suffer extra losses by reaching $4.6000 directly followed by the moving average 55 near $4.4400.

The expected trading range for today is between $4.7500 and $5.0500

Trend forecast: Bearish

The (ETHUSD) price rose in its last trading on the intraday basis, in an attempt to recover some of its previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, amid the effect of breaking the critical support of $3,435, this support represents our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive minor trend line for this track.

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