The EURJPY pair returned to fluctuate below the bullish channel’s resistance at 173.25, announcing its readiness to activate the attempts of gathering the gains and forming correctional decline to reach 171.77.

Note that the beginning of providing negative momentum by stochastic reach below 50 level will increase the efficiency of the bearish correctional track, which might target near 171.15 level reaching the extra support near 170.45 forms a key for detecting the main trend in the medium period trading.

The expected trading range for today is between 171.15 and 172.70

Trend forecast: Bearish

The GBPJPY pair touched 199.22 level yesterday, to achieve the initial suggested positive target in the previous report but its continuous neediness to the positive momentum that pushed it to form bearish correctional wave, to notice its exit from the minor bullish channel’s levels by breaching the support at 198.25.

Note that the continuation of the fluctuation below the broken support and stochastic attempt to provide negative momentum by reaching below 50 level, these factors confirm the domination of the bearish track in the near period, to expect suffering several losses by reaching 197.50, reaching the next support at 196.56, while the price success in stepping above 198.80 and holding above it will reinforce the chances for forming new bullish waves, to keep waiting for reaching the main positive target at 200.35.

The expected trading range for today is between 197.50 and 198.70

Trend forecast: Bearish

Platinum prices haven’t moved anything since yesterday to keep their positive stability above the extra support at $1385.00, attempting to surpass stochastic negativity and increasing the chances for gathering positive momentum.

Note that surpassing the near period trading at $1420.00 is important to open the way for reaching new positive stations that might begin at $1458.00 and $1507.00, while its move to the bearish correctional track requires forming a sharp decline to settle below $1365.00.

The expected trading range for today is between $1458.00 and $1458.00

Trend forecast: Bullish

Copper price is under negative pressures, which forces it to provide bearish correctional trading, but its stability above the support at $5.3200 forms the main factor to confirm the continuation of the positivity in the near and medium period trading, therefore, we will keep waiting for gathering the positive momentum to motivate it to target $5.7100, then wait to reach the next main target near $5.9700.

Note that the price decline below the mentioned support and holding below it, so that will confirm delaying the bullish scenario, to begin providing strong bearish correctional trading, to expect reaching $5.0650, then reach the next support base at $4.7200 level.

The expected trading range for today is between $5.4000 and $5.7100

Trend forecast: Bullish