The EURJPY pair continued providing weak sideways trading, fluctuating near the extra support at 182.80, affected by the continuation of the main indicators besides forming extra obstacle at 183.50 level as appears in the above image.

Therefore, we will remain neutral until providing signal for detecting the main trend in the near and medium trading, while breaking the current support and providing negative close will confirm the bearish corrective trend, which might target 182.30 and 181.75 level initially, while breaching 183.50 level will ease the mission of detecting the bullish attempts, to expect its rally towards 183.85, to attack the broken channel’s support in order to find an exit for regaining the bullish trend again.

The expected trading range for today is between 182.80 and 183.50

Trend forecast: Neutral

The GBPJPY pair lost the bullish momentum due to stochastic exit from the overbought level, which forces it to delay the bullish attack by reaching below 211.30 level, which keeps forming an important obstacle against the bullish attempts.

We expect providing new mixed trading with a chance of attacking the minor bullish channel’s support at 210.10, breaking this support makes us expect targeting extra corrective stations that might begin at 209.45 and 208.80, while the trading rally above the obstacle will increase the chances of recording new gains by targeting 212.55 and 213.75 level.

The expected trading range for today is between 210.10 and 211.50

Trend forecast: Fluctuated within the bullish trend

Platinum price confirmed its surrender to the dominance of the bearish corrective bias by its stability below $2460.00 resistance, forming several bearish waves and recording the initial target by reaching $2245.00.

The price might be forced to provide sideways trading, where stochastic attempt to provide bearish momentum will increase the chances of breaking $2240.00 level, forming extra support to open the way for resuming the gains and reaching $2180.00 and $2130.00.

The expected trading range for today is between $2180.00 and $2330.00

Trend forecast: Bearish

The intraday negative pressure increased on copper price trading due to stochastic attempt to exit from the overbought level, which forces it to settle below $5.9700, forcing it to form corrective waves by reaching $5.7900.

The price might decline towards the initial support at $5.7500 by the continuation of the negative pressure will increase the chances of breaking this support, to expect targeting extra corrective stations that begin at $5.6300 and $5.5100, while its success to step above $6.000 will open the way for recording new historical gains by its rally towards the bullish channel’s resistance at $6.1800.

The expected trading range for today is between $5.6300 and $5.9700

Trend forecast: Bearish