Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.

 We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.

The expected trading range for today is between 182.70 and 184.00

Trend forecast: Bullish

The GBPJPY pair took advantage of the continuation of forming extra support at 210.50 level, to notice forming several bullish waves, achieving the initial positive target by reaching 212.20 level.

The contradiction of the main indicators might push the price to provide mixed trading, but its success in breaching 212.30 and holding above will reinforce the chances of achieving additional gains that might begin at 213.05 and 213.65, while holding below 212.30 will force it to provide new bearish trading, and there is chance for retesting 210.50 level.

The expected trading range for today is between 211.30 and 212.30

Trend forecast: sideways until achieving the breach

Platinum price faced some bullish pressure yesterday, which forces it to rally towards $2210.00, retesting %66.8 Fibonacci corrective level, forming an important barrier against detecting the expected trend in the near trading.

The stability below the current barrier makes us prefer the dominance of the bearish corrective trend, to reach $2160 and $2125.00, while breaching the barrier and holding above it will open the way for targeting several stations by its rally towards $2245.00.

The expected trading range for today is between $2125.00 and $2210.00

Trend forecast: Bearish

Copper price surrendered to the main indicators’ contradiction against the negative stability below $5.9700 barrier, forming bullish rebound this morning, to settle near $5.8300.

The stability of the barrier makes us expect providing mixed trading and gathering negative momentum, that might manage to renew the negative attempts, which might target $5.6200 level reaching $5.5100 support.

The expected trading range for today is between $5.6200 and $5.9000

Trend forecast: Bearish