The EURJPY pair failed to resume the previously waited negative attack, hence it faces the moving average 55 near 161.20, which represents a clear obstacle against the negative trading, pushing it to form some of the bullish waves by its stability near 162.10.

Reminding you that the bearish scenario remains valid, depending on the repeated stability below the bearish channel’s resistance at 163.15, accompanied with stochastic attempt to provide negative momentum that will increase the chances for breaking the current obstacle and reaching the extra negative stations near 160.35 reaching to 159.55.

The expected trading range for today is between 160.35 and 162.40

Trend forecast: Bearish

The GBPJPY pair activated the negative attack in yesterday’s trading, achieving the initial negative target by hitting 187.55 level, then it rebounded to settle above 38.2%Fibonacci correction level at 188.00, to gather the required negative momentum to confirm the continuation of the bearish trend in the upcoming trading.

In general, the bearish scenario would remain valid if the trading settled below the main resistance at 189.90, as confirming breaking 188.00 level makes us expect targeting new negative stations, and 186.50 level represents the next target for the negative trading, while the attempt of breaching the mentioned resistance will cancel the bearish suggestion in the near trading, as there is a chance for achieving some gains by the price rally towards 190.50 initially.

The expected trading range for today is between 186.50 and 189.20

Trend forecast: Bearish

Platinum price kept its positive stability above the moving average 55, to notice it attempted to enter the minor bullish channel’s levels again by hitting $972.60 level, which forced it to provide some of the sideways trading range, due to Stochastic reach to the overbought level.

Note that the continuation of the formation of extra support at $950.00 level will represent an important factor to confirm the continuation of the positivity, which makes us wait to gather the required extra positive momentum to motivate the bullish rally, until reaching the main targets at $981.00 and $994.00.

The expected trading range for today is between 985.00 and 1040.00

Trend forecast: Bullish

Copper price provided a positive signal this morning by hitting the $4,7200 level, but its neediness to the positive momentum pushed it to return to provide new sideways fluctuated moves below 50%Fibonacci correction level at $4.6600.

Breaching the current barrier is important for reinforcing the chances for resuming the bullish attack, which might target $4.7500 level, reaching 61.8%Fibonacci correction level at $4.8200.

The expected trading range for today is between $4.5800 and $4.7500

Trend forecast: Bullish