The EURJPY pair provided several weak sideways trading, delaying the bullish trend due to its stability below 185.45 barrier, to form some mixed trading by reaching 184.35 level.

Note that stochastic exit from the overbought level might increase the negative pressures on the trading, forcing it to provide negative corrective trading, to target 183.85 level reaching the bullish channel’s support at 183.20, while breaching the barrier and holding above it will reinforce the chances of recording extra gains that might begin at 186.20.

The expected trading range for today is between 183.85 and 185.40

Trend forecast: Fluctuating within the bullish trend

The GBPJPY pair succeeded in breaking the bullish channel’s support that is represented by 213.45 level, activating the previously suggested bearish corrective track, recording all the waited targets by reaching 211.60 level, attempting to recover some of the losses by its rally towards 212.85, attempting to retest the extra barrier that appears in the above image.

Confirming the bearish scenario requires providing new bearish close below 212.85, to ease the mission of targeting 212.00 level and surpassing it might extend the losses towards 211.25 and 210.45, while regaining the bullish trend requires forming strong bullish moves to settle above 214.15 level.

The expected trading range for today is between 211.25 and 213.00

Trend forecast: Bearish

Platinum price continued forming bearish corrective waves since yesterday, due to the stability below $2245.00 barrier, to reach below the initial support at $1950.00 and reaching during this morning trading to $1820.00 level.

The current bullish rebound is not enough to confirm regaining the bullish scenario, the stability below the mentioned barrier and providing negative momentum by stochastic might push the price to provide new corrective trading, to attempt to reach $1780.00, which threatens the stability of the next support at $1740.00.

The expected trading range for today is between $1780.00 and $2070.00

Trend forecast: Bearish

Copper price remains affected by stochastic negativity, forcing it to fluctuate below $5.7500 barrier, and begin forming bearish corrective waves by targeting $5.5500 level, approaching the waited target in our previous analysis.

Noting that the continuation of facing negative pressure might push the price to break $5.5100 support, and holding below it will confirm targeting new corrective stations that might begin at $5.4100 and $5.2800.

The expected trading range for today is between $5.5100 and $5.7800

Trend forecast: Bearish