The GBPJPY pair reached 211.20 level in its last negative moves, affected by the positivity of the main indicators, to notice forming a strong bullish trend to retest %50 Fibonacci correction level at 213.50 to settle below it.
The stability below 213.50 level will make the price renew the corrective attempts, gathering the negative momentum makes us expect reaching 212.35 initially, to repeat the attempts of breaking the barrier at 211.80, while its rally above 213.50 might provide a chance for attacking the main barrier at 214.50, which represents a key for detecting the main trend in the upcoming trading.
The expected trading range for today is between 212.30 and 213.50
Trend forecast: Bearish
Despite the stability of Platinum price above $1950.00 support, the main indicators keep providing negative momentum, and the continuation of forming $20.80.00 level a main barrier against the current trading, noticing the weakness of the trading, which increases the chances of breaking the current support, to resume the corrective attempts by targeting $1910.00 and 1865.00.
The expected trading range for today is between $1910.00 and $2030.00
Trend forecast: Bearish
Copper price settled with the bearish corrective track by providing negative closes below the extra barrier at $6.3800 level, fluctuating again near $6.1700 level.
The price needs to break the initial support at $6.1000 to resume the negative attempts, opening the way for targeting extra corrective stations that might begin at $5.9500 and $5.8000, while surpassing $6.3800 level and holding above it will increase the chances of forming bullish waves, to expect targeting %100 Fibonacci extension level at $6.5400.
The expected trading range for today is between $5.9500 and $6.3000
Trend forecast: Bearish
Ethereum (ETHUSD) is holding cautious intraday gains, supported by emerging positive signals from the relative strength indicators after reaching deeply oversold conditions, which helped ease selling pressure and allowed partial recovery from previous losses. However, downside pressure persists as the price remains below the EMA50, reinforcing the dominance of the short-term bearish trend.