The EURJPY pair remains affected by the contradiction between the main indicators besides the stability of 187.50 barrier, forming temporary corrective waves and targeting 186.50 level, the price might be forced to keep forming corrective trading in the current period, to target 186.10 reaching 185.65.

Activating the bullish trend requires breaching 187.50 level and holding above it, reinforcing the chances of recording extra gains that might begin at 188.35 and 188.80.

The expected trading range for today is between 185.65 and 187.10

Trend forecast: Bearish

The GBPJPY pair began receiving positive momentum due to stochastic rally above 50 level, to notice forming some bullish waves and recording 215.70 level.

Holding the minor bullish channel’s support at 214.55 level will help it to renew the bullish attempts, to ease the mission of surpassing the barrier at 215.80, to target new positive stations that begin at 216.40 reaching 217.60.

The expected trading range for today is between 214.60 and 216.40

Trend forecast: Bullish

Platinum price continued to provide weak sideways trading by its continued fluctuation near $2040.00 level, affected by the continuation of the main indicators, to obstruct the chances of resuming the previously bullish trend.

Stochastic reach below 50 level might increase the intraday negative pressures on the trading, to expect reaching the moving average level 55 at $1990.00, attempting to test the extra support near $1950.00, while holding above $2110.00 will motivate the bullish trend, to keep waiting for recording the extra target near $2155.00 and $2205.00.

The expected trading range for today is between $1990.00 and $2100.00

Trend forecast: Fluctuating

Copper price closed yesterday’s trading by reaching $6.1100 level, approaching the barrier at $6.1200, to begin this morning with new negative trading due to the continuation of providing negative momentum by stochastic, to press on the initial support at $5.9700 level.

All the above confirms the effect of the main indicators’ contradiction on the price, which increases the chances of forming bearish corrective waves in the current period, to reach $5.8900 followed by $5.8200, while its success in surpassing the previously mentioned obstacle 

The expected trading range for today is between $5.8200 and $6.100

Trend forecast: Fluctuated