The EURJPY pair lost the positive momentum due to stochastic decline below 50 level, which forces it to delay the bullish rally and provide mixed sideways trading, fluctuating near 177.40.

Reminding you that the stability above the extra support level at 177.05, to increase the chances of renewing the bullish attempts by its rally above 178.00 level, then wait until reaching the initial target at 178.80, while breaking the extra support and holding below it will force the price to form new corrective waves, to suffer extra losses by reaching 176.40 and 175.90.

The expected trading range for today is between 177.10 and 178.00

Trend forecast: Bullish

The GBPJPY pair didn’t move anything since yesterday, forming sideways trading by its stability near 202.30, affected by the contradiction between the main indicators, while its positive stability above the initial main support at 200.45 and attempt to form extra support at 201.70 level, these factors makes us keep the bullish suggestion, which might target 203.95 level and surpassing it will make the price record extra gains that begin at 204.60.

While breaking the extra support at 201.70 might force it to delay the bullish attack and provide mixed trading, and there is chance for retesting 200.45 level before reaching any new positive station.

The expected trading range for today is between 201.75 and 203.95

Trend forecast: Bullish

Platinum price faces difficulty to resume the bullish attempts, affected by the stability of the extra barrier at $1605.00 besides the contradiction between the main indicators, especially with stochastic reach below 50 level, to limit the trading between the current barrier and $1525.00 support.

We recommend the neutrality for today and monitoring the price behavior until surpassing one of the mentioned levels to confirm the expected trend in the near and medium trading, the decline below this support will force it to delay the bullish attempts and forming new corrective waves, to target $1485.00 and 1440.00 level.

The expected trading range for today is between $1525.00 and $1600.00

Trend forecast: Neutral

Copper price began forming corrective trading after confirming its failure to surpass the barrier at $5.2000, reaching $4.9700 affected by the weakness of the positive momentum that comes from stochastic stability below 80 level until now.

The price might be forced to suffer extra losses, and there is chance of testing the extra support at $4.7500, while surpassing the mentioned barrier and holding above it will open the way for recording extra gains that might extend to $5.3200 and $5.5100 in the initial period.

The expected trading range for today is between $4.8000 and $5.1500

Trend forecast: fluctuated