The GBPJPY pair lost positive momentum, forcing it to provide mixed trading as we expected previously to reach 211.05. The current negativity is caused by stochastic exit from the oversold levels, but it will not affect the bullish trend, depending on forming additional support at 210.60 against the current trading.

We expect forming mixed trading to confirm the importance of gathering positive momentum, which allows it to renew the bullish attempts by its rally towards 211.75 and 212.10, while reaching below the previously mentioned support and providing a negative close will force it to suffer several losses that might begin at 210.00 and 209.60.

The expected trading range for today is between 210.70 and 212.10

Trend forecast: Fluctuating within the bullish trend.

Platinum price surpassed the suggested negative targets by reaching $1978.00 level, attempting to catch its breath by its rally towards $2060.00, recovering some losses.

This rebound will not threaten the main negative track, due to the main stability below the resistance at $2210.00 level, besides the attempt of forming extra barrier at $2125.00 level, therefore, we will keep waiting for negative momentum, to ease the mission of renewing the bearish attempts, to target $1955.00 and $1910.00.

The expected trading range for today is between $1980.00 and $2100.00

Trend forecast: Bearish

Copper price renewed the attempts of forming bearish waves, approaching the extra support that is represented by $5.5100 level, to provide some sideways trading due to the continuation of the main indicators’ contradiction, especially if the moving average 55 below the current trading.

The price needs a new negative momentum that allows it to press on the current support and breaking it will open the way for resuming the bearish corrective attack, expecting reaching $5.3900 and $5.2200.

The expected trading range for today is between $5.5100 and $5.7400

Trend forecast: Bearish

The price of Ethereum ETHUSD is holding onto strong gains during the latest intraday trading after reaching the $2,190 resistance level, which had been a previous price target in earlier analyses.

The price continues to receive dynamic support as it trades above EMA50, reinforcing the strength and stability of the short-term corrective upward trend. In the background, we also notice the beginning of a positive crossover in the relative strength indicators, after the price managed to relieve its overbought condition, giving it more room to expand gains in the near term.