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The GBPJPY Suffers Heavy Losses – Forecast today – 31-7-2026
The GBPJPY pair came under strong negative pressure during yesterday’s trading after touching the resistance barrier at 218.65, forcing the pair to launch a sharp bearish move and suffer significant losses, reaching 212.25, before rebounding to retest the broken support level, which has now turned into resistance at 216.35.
Repeated stability below 216.35 may force the pair to resume its bearish attempts, with the price expected to target 215.20 and 214.80, respectively. However, a break above 216.35 and sustained trading above it would temporarily delay the bearish scenario, allowing the pair to attempt a move toward 216.85 and 217.35, respectively.
The expected trading range for today is between 214.80 and 21650
Trend forecast: Bearish
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Platinum Price Awaits Negative Momentum – Forecast today – 31-7-2026
Platinum price formed a bullish wave during yesterday’s trading, targeting the $1,670.00 level, while maintaining its negative stability below the additional resistance barrier at $1,690.00. This confirms the price’s adherence to the bearish corrective scenario. Therefore, we emphasize the importance of gathering negative momentum during the current trading sessions, which would facilitate the move toward the initial corrective targets at $1,550.00 and $1,515.00, respectively.
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Copper price continues to move sideways in the intraday session, as it remains confined between the stable resistance barrier near $6.5100, while the $6.1000 level continues to form important support against attempts to resume the corrective decline. The price has remained stable since yesterday’s trading near the $6.4500 level.
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Ethereum (ETHUSD) declined during its latest intraday trading, amid negative signals from the relative strength indicators after reaching overbought territory. The price found support at its EMA50, attempting to build positive momentum that could help it recover and resume its upward movement, amid the dominance of the main short-term bullish trend, with price movements alongside a trendline that supports this path.
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