The EURJPY pair remains affected by the negative pressure, which forces it to delay the attempts to resume the main bullish trend by its stability below 181.75 barrier, activating with stochastic negativity yesterday at 180.10 level.

We expect to renew the corrective attempts to target 179.40 support, then monitor its behavior due to the importance of this level to detect the expected trend in the upcoming trading, while breaching 181.75 level and providing positive close will ease the mission of recording new gains, to expect its rally towards 182.35 and 182.80 initially.

The expected trading range for today is between 179.40 and 181.00

Trend forecast: Bearish

The GBPJPY pair kept forming the previously expected bearish corrective trading, reaching extra support at 205.20 to settle above it, the current scenario depends on the strength of this support, to expect to begin forming positive attempts to reach 206.35, then repeats the pressure on the barrier at 206.90.

While the price surrenders to negative pressure and reaching below current support will force it to resume the corrective decline, which forces it to suffer extra losses by reaching 204.60 and 204.10.

The expected trading range for today is between 205.20 and 206.35

Trend forecast: Bullish

Platinum price ended the positive attack by hitting $1725.00 level, to form extra barriers to force it to activate the attempts of gathering gains by reaching $1632.00.

Forming extra support at $1605.00 level by stochastic fluctuation near 80 level makes us expect renewing the bullish attempts, to repeat the pressure on $1695.00 level, then attempts to reach the next main target at $ 1745.00, while its decline below $1605.00 and providing negative close will increase the efficiency of the bearish corrective track, to expect reaching $1575.00 before any attempt to reach the suggested extra targets.

The expected trading range for today is between $1610.00 and $1710.00

Trend forecast: Bullish

Copper price recorded some gains by hitting $5.2600 level, to bounce below $5.2000 level again, forcing it to form mixed trading with its stability near $5.1400.

The last rebound will not threaten the bullish scenario due to the stability within the extra bullish channel’s levels, for the continuation of forming initial support at $4.7500 level, therefore, we will keep our bullish expectation that may target $5.3200 level reaching the next main target at $4.5000.

The expected trading range for today is between $5.0600 and $5.3200

Trend forecast: Bullish