The EURJPY pair began with clear negativity this morning, by forming a new corrective decline by targeting 183.75 level, due to providing negative momentum by stochastic by reaching below 50 level, besides forming extra barrier at 184.40 level.

We expect providing more corrective attempts, which might target 183.55 level reaching the main support at 183.05, while surpassing the mentioned barrier and holding above it will confirm its readiness to renew the bullish attempts, repeating the pressure on 184.90 level to find an exit to record new historical gains in the upcoming period.

The expected trading range for today is between 183.05 and 184.00

Trend forecast: Bearish

The GBPJPY pair continued providing negative closes below 211.30 level, to confirm its surrender to the previously suggested bearish corrective bias dominance, reaching 210.40 taking advantage of stochastic exit from the overbought level.

We will keep our corrective expectations in the near trading, reminding you that the stability of the initial targets near 209.75 and 209.30, while the price success to step above the barrier and providing positive close will turn the bullish bias back, to expect its rally towards the next positive target near 212.65.

The expected trading range for today is between 209.75 and 211.20

Trend forecast: Bearish

Platinum price began forming bearish corrective waves since morning, affected by the stability of the barrier at $2460.00, to begin gathering some gains by reaching $2235.00.

Note that the continuation of the stability below the barrier, besides stochastic exit from the overbought level which might increase the efficiency of the corrective track, to target $2180.00 level, to attempt to test the support at $2090.00 level before any attempt to renew the bullish attempts.

The expected trading range for today is between $2180.00 and $2418.00

Trend forecast: Bearish 

Copper price ended its last trading by achieving big losses by reaching $5.8400, achieving the previously suggested targets, which forces it to form intraday rebound towards $5.6800 to gather some gains and attempt to gather positive momentum.

The stability above 161.8% Fibonacci extension level that forms an important support at $5.5100 that supports the continuation of the positive trading, to record new gains by its rally towards 5.9700.

The expected trading range for today is between $5.5500 and $5.9000

Trend forecast: Bullish