The GBPJPY pair faced strong bullish pressures in yesterday's trading, forming bullish waves to press on the barrier at 214.50, which forms a key for confirming the expected trend in the near and medium trading.

Note that activating the bullish trend needs to provide a positive close above the breached barrier, to record several gains by its rally towards 215.10 and 215.60, while the failure of the breach will push it to form corrective waves, to reach 213.50 by the negative factors that might extend the trading towards 212.00.

The expected trading range for today is between 213.90 and 215.10

Trend forecast: Bullish

Platinum price remains stable within the minor bearish channel’s levels, facing the contradiction of the main indicators, fluctuating within the minor bearish channel’s levels and reaching the initial target at $1550.00.

Note that the stability below the resistance at $1685.00 will increase the chances of gathering the required negative momentum to resume the bearish trend, to expect targeting $1510.00 level, surpassing it will make the next main target at $1435.00 level in the current trading.

The expected trading range for today is between $1515.00 and $1640.00

Trend forecast: Bearish

Copper price is affected by the positivity of the main indicators since yesterday, specifically by forming extra support by the moving average 55 at $5.9500, which obstructs the bearish corrective attempts, forming new sideways fluctuations by its stability near $6.1000.

The sideways fluctuations remains the dominance in today’s trading until gathering the negative momentum, confirming the importance of its stability at $6.3000 level, to motivate forming bearish waves to target $5.8200 and $5.7100.

The expected trading range for today is between $5.9500 and $6.2000

Trend forecast: Fluctuating

(ETHUSD) declined in its latest intraday trading, affected by reaching the resistance of EMA50, which forced it to rebound lower, especially with the emergence of the negative signals from the relative strength indicators, after forming negative divergence that intensifies the negative pressure on the price, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.