Despite the EURJPY pair’s neediness to provide a positive close above 168.80 level confirms decreasing the effect of the bearish correctional track in the current period, to rally again to settle near 169.35.

Note that surpassing 169.85 level is important to ease the mission of resuming the bullish attempts, which might target the resistance of the bullish channel at 170.55, while activating the correctional track requires a strong decline to ease the mission of breaking the initial support at 168.05.

The expected trading range for today is between 168.70 and 170.55

Trend forecast: Bullish

The GBPJPY pair formed more of the negative correctional trading, to achieve the correctional target by reaching 196.25, to bounce quickly to 197.40 keeping its overall stability within the bullish channel levels that appear in the above image.

The continuation of the main indicators contradiction makes us expect the price affection by the instability until gathering extra positive momentum, while allows it to surpass 197.60 level and holding above it, to form new bullish waves to press on the barrier at 198.80.

The expected trading range for today is between 169.50 and 198.80

Trend forecast: Bullish

Platinum price failed to achieve a new positive target, despite its stability within the bullish channel’s levels, affected by stochastic negativity that approaches from 50 level.

We expect the trading confinement in sideways range between the extra barrier at $1366.00 and the support level at $1333.00, to suggest the neutrality until the price success to surpass one of them, to provide confirmation signal for the trend, surpassing the barrier will reinforce the chances of recording new gains that might begin at $1400.00, while breaking the support will force it to form a bearish correctional waves, to expect reaching $1303.00 and $1275.00.

The expected trading range for today is between $1330.00 and $1366.00

Trend forecast: Neutral

Copper price formed temporary bullish wave, to reach the barrier at $5.1000 level, to settle below it, confirming delaying the bullish attack and attempt to activate the previously suggested bearish correctional track.

The continuation of providing negative momentum by stochastic exit from the overbought level will increase the negative pressures, to keep our expectation by the attempt of targeting $4.9100 level and surpassing it will make $4.8100 level is the next correctional target in the current trading.

The expected trading range for today is between $4.9100 and $5.1000

Trend forecast: Bearish