The GBPJPY pair provided more negative closings recently below 194.10 barrier, hinting its surrender to the domination of the bearish bias to notice crawling towards 190.20 this morning and record some negative targets mentioned in our previous report.

Note that the negative momentum coming by the major indicators will increase the chances of attacking 189.50 support line, while breaking it will confirm its preparation to resume the negative attack until reaching 188.15 followed by reaching the next support at 187.55.

The expected trading range for today is between 189.50 and 192.00

Trend forecast: Bearish

Platinum price ended the recent bullish rally by facing 983.00$ barrier, recording the second suggested target and form negative rebound towards 965.00$.

The current negative rebound confirms surrendering to the correctional bearish track that depends on the frequent stability below the current barrier, allowing us to suggest targeting 950.00$ and 930.00$ levels soon.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bearish

Copper price failed to hold for long time above 4.3300$ barrier, to form new negative rebound and settle near the initial support at 4.1500$.

We expect to get more negative momentum by the major indicators to form new correctional decline and crawl below the current support line to target 4.0200$ level, while rallying above the mentioned barrier again will push the price back to the bullish track to start recording many gains that start at 4.4400$.

The expected trading range for today is between 4.0200$ and 4.2700$

Trend forecast: Bearish

Ethereum price (ETHUSD) opened today’s trading with sharp decline, to break 2764.75$ level and reach 2108.90$, noting that exiting the bearish channel hints heading to suffer more losses on the intraday and short-term basis, noticing that the price is trying to cover some losses and provide positive trades now, as it moves around 2500.00$.

The mixed trades make us prefer to stay aside until the price settles and get clearer signal for the next trend, noting that breaking 2356.50$ will push the price to continue the decline and achieve additional negative targets that reach 2000.00$ barrier, while breaching 2764.75$ will lead the price to regain the bullish track and achieve gains that start by visiting 3017.30$.

The expected trading range for today is between 2300.00$ support and 2730.00$ resistance.

Trend forecast: Neutral