The EURJPY pair attempted to record some extra gains by reaching 184.65 level, but its decline since the opening of this morning below 184.20 will force it to delay the bullish attempts in the current period, increasing the chances of forming new bearish waves, attempting to reach 183.65 and 183.35.

Providing negative momentum by stochastic stability confirms delaying the bullish attempts, to keep waiting for reaching the previously negative stations. 

The expected trading range for today is between 183.35 and 184.35

Trend forecast: Bearish

The GBPJPY pair failed to resume the bullish attempts, due to the stability of the barrier at 112.30, forcing it to activate the bearish corrective scenario by threatening the stability of the minor bullish channel’s support at 211.90.

The contradiction of the main indicators by providing negative momentum by stochastic that might push the price to break the current support, to confirm its readiness to target new corrective stations that might extend 211.35 and 210.60, while renewing the bullish scenario depends on breaching the previously mentioned barrier and holding above it.

The expected trading range for today is between 211.35 and 212.75

Trend forecast: Bearish

Platinum price remains affected by stochastic positivity, which contradicts the bearish corrective scenario, recording some extra gains by reaching $1913.00 level, the price keeps providing positive trading until testing the bearish channel’s resistance at $1968.00, to begin forming new bearish waves to activate the bearish corrective scenario again.

The moving average 55 stability is near the previously mentioned resistance, to support the stability of the chances of targeting the negative stations, holding near $1835.00 and $1745.00 level.

The expected trading range for today is between $1775.00 and $1950.00

Trend forecast: Bearish

Copper price remains affected by the continuation of the main indicators’ contradiction, as it provided new sideways fluctuations, to keep its negative stability below the barrier at $5.5100, to support the chances of renewing the corrective attempts in the near and medium period.

While gaining negative momentum will increase the chances of reaching $5.2700 level, forming the initial target in the current period reaching $4.9500, while breaching the barrier will confirm delaying the negative attempts, to expect recording some gains by its rally towards $5.6300 and $5.7500.

The expected trading range for today is between $5.2700 and $5.5500

Trend forecast: Bearish