The EURJPY pair surrendered to the negative factors in yesterday’s trading, which are represented by the continuation of forming a strong barrier at 185.80 level besides providing negative momentum by stochastic, which forces it to form new bearish waves, to settle below the support level at 184.20.

Note that the attempt of forming extra barrier at 184.85 level will increase the chances of forming new bearish waves, to expect reaching 183.50 followed by the next support at 183.00, while surpassing the current barrier will provide a chances for recovering the previously achieved losses by its rally towards 185.40 and 185.80.

The expected trading range for today is between 183.50 and 184.60

Trend forecast: Bearish

The GBPJPY pair reached 216.05 level in its last rally, affected by sudden negative pressures, which forces it to provide some corrective trading, to test 214.50 support and to settle above it.

The price needs a new bullish momentum that allows it to renew the bullish attempts by surpassing 215.50 level, to attempt to reach the initial extra target near 216.55, while the risk of changing the trend and activating the bearish trend requires providing a daily close below 213.50 level, which represents a key support against the bullish trading.

The expected trading range for today is between 214.25 and 215.85

Trend forecast: Bullish

Platinum price activated with stochastic positivity by forming bullish waves to press on the resistance of the minor bearish channel’s resistance at $1655.00 to find an exit to recover some previous losses.

Note that surpassing the current resistance will provide a temporary chance for recording some gains by its rally towards $1695.00 reaching $1780.00, while its stability below the current resistance will push it to form new bearish waves to reach the main stations near $1510.00 and $1435.00.

The expected trading range for today is between $1550.00 and $1690.00

Trend forecast: Fluctuating within the bearish track

Copper price settles above the moving average 55 near $5.9500, to announce delaying the bearish corrective attempts, noticing its rally to settle near $6.1500 level, surrendering to the sideways track, which is represented by the current support and $6.3000 level that represents an extra barrier against the current trading.

The price might form sideways trading until surpassing one of the mentioned levels, note that reaching below the extra support and holding below it will open the way for activating the bearish corrective track, to expect targeting $5.8200 and $5.7100 level.

The expected trading range for today is between $5.9500 and $6.3000

Trend forecast: Sideways