Despite the stability of the EURJPY pair within the bullish channel’s levels and its fluctuation above the extra support at 172.00, but we notice forming sideways fluctuation by its stability near 172.35 due to stochastic exit from the overbought level and providing negative momentum, to contradict with the suggested bullish scenario.

The stability of the price above the extra support will make it renew the bullish attempts, to target 173.20 and 173.55 level, while the decline below the support will force it to activate the bearish correctional track again, waiting for attacking 170.40 level, which represents the line of confirming the expected trend on the medium period trading.

The expected trading range for today is between 172.00 and 173.55

Trend forecast: Bullish

The GBPJPY pair provided new bearish close by its stability below the resistance at 200.70, increasing the chances for renewing the bearish correctional attempts by reaching 199.50.

Stochastic attempts to provide negative momentum by its stability below 80 level might motivate the price to attack the support at 198.80, while breaking it will open the way for resuming the bearish attack, reaching 198.10 and 197.45.

The expected trading range for today is between 198.40 and 200.35

Trend forecast: Bearish

Platinum price confirmed its surrender to the dominance of the sideways track by its stability below $1342.00 barrier, to repeat its tight fluctuation between the current barrier and the extra support level near $1302.00.

We recommend monitoring the price behavior and waiting for surpassing one of the main levels, to detect the expected trend in the near and medium period trading, so breaching the barrier will reinforce the chances of recording some gains by its rally to $1375.00 and $1430.00, while breaking the support will force it to suffer extra losses by reaching $1255.00.

The expected trading range for today is between $1300.00 and $1342.00

Trend forecast: Sideways

Copper price didn’t move anything, to keep providing slow sideways trading by its fluctuation near $4.4500, affected by the continuation of the main indicators’ contradiction, due to the stability of stochastic within the oversold level, to reduce the chances for renewing the suggested bullish attempts.

The stability above the extra support at $4.2600 assists to confirm the price confinement within the bullish track, to keep waiting for gathering the required positive momentum for reaching the positive stations near $4.6200 and $4.7400.

The expected trading range for today is between $4.330 and $4.6300

Trend forecast: Bullish