The GBPJPY pair touched 187.68 level this morning, achieving some previously waited negative targets, followed by waiting to form quick correctional rebound to settle near 188.70.

The current rebound won’t form any effect on the bearish scenario due to the consolidation within the bearish channel, in addition to 189.80 level forming strong additional barrier, thus, we will keep waiting to renew the negative attempts to expect moving towards 187.10 soon.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bearish

Platinum price resumed the negative attempts, surpassing the first target at 950.00$, confirming its preparation to provide more negative attempts on the near-term and medium-term basis.

Also, the EMA50 forms additional barrier now at 960.00$, and stochastic provides the negative momentum, to increase the chances of attacking 941.00$ level, while breaking it might extend losses towards 920.00$ on the near-term basis.

The expected trading range for today is between 941.00$ and 960.00$

Trend forecast: Bearish

Copper price started today by providing new negative close below 50% Fibonacci correction level at 4.5400$, confirming its surrender to the previously suggested bareish scenario to repeat its fluctuation near 4.4900$ level.

We expect to get more negative momentum by stochastic to start targeting the negative stations, located near 4.4100$ and 4.3200$ now.

The expected trading range for today is between 4.4100$ and 4.5600$

Trend forecast: Bearish

Ethereum price (ETHUSD) declined strongly yesterday after consolidating below 2356.50$, to succeed achieving our first new target at 2200.00$ and surpass it to confirm opening the way to decline in the upcoming period, and the way is open to visit 2100.00$ that represents our next negative target.