The EURJPY pair reached the main target at 184.90, forming a strong barrier to begin forming bearish corrective waves, to settle near 183.75, announcing the beginning of gathering some gains in the current period trading.
Stochastic is approaching 20 level, to increase the negative pressure, which makes us prefer more corrective trading that might target 183.30 level, reaching key support at 182.80, while stepping above 184.10 again and providing positive close will reinforce the chances of forming new bullish waves, to repeat the pressure on the mentioned barrier.
The expected trading range for today is between 183.30 and 184.10
Trend forecast: Bearish
The GBPJPY pair ended its last bullish rally by hitting 211.60 level, to achieve the extra suggested target in the previous report, then begin gathering some gains by forming corrective decline and its stability near 210.50.
MorePlatinum price took advantage of its positive stability above the psychological barrier at $2000.00 level, activating with the main indicators positivity by forming strong bullish rally, to surpass $2125.00 level, to settle near $2185.
MoreCopper price provided sideways trading, keeping its stability within the bullish track by its fluctuation near$5.5000 level, due to stochastic attempt to exit the overbought level, which makes us prefer more sideways trading until it gathers the required extra positive momentum for breaching the current barrier, to reach extra stations at $5.6300 and $5.7400.
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