The EURJPY pair confirmed its surrender to the bearish correctional bias dominance by providing new negative closes below 173.50, suffering some losses by reaching 172.20.

The continuation of providing negative momentum by stochastic approaching from 20 level will increase the negative pressure on the trading, to keep our bearish correctional expectations to target 171.60 and 170.45 level.

The expected trading range for today is between 171.60 and 172.80

Trend forecast: Bearish

No change for the GBPJPY pair’s bearish correctional trend by providing new negative closes below the barrier at 200.40 reaching 199.10, note that providing negative momentum by stochastic will increase the chances for targeting the negative stations, which are located at 198.60 reaching the initial support at 197.85 level.

Note that the price success in breaching the mentioned barrier and holding above it will confirm regaining the bullish bias, to expect targeting several positive stations that might begin at 200.90 and 201.55.

The expected trading range for today is between 197.85 and 200.00

Trend forecast: Bearish

Platinum price attacked the barrier at $1400.00 yesterday, to find an exit to resume the bullish attempts, but this attempt ended by a clear failure to force it to decline temporarily towards $1381.00.

The contradiction between the main indicators might force the price to provide mixed trading until gathering extra positive momentum, to ease the mission of breaching the current barrier and begin recording extra gains by its rally to $1412.00 and $1435.00, while the attempts of changing the main trend requires achieving a real break to the support at $1340.00.

The expected trading range for today is between $1370.00 and $1412.00

Trend forecast: Fluctuated within the bullish track

No scape from activating the bullish attack for copper price due to the several factors that confirm the dominance of the bullish track, reminding you that the main stability within the bullish channel’s levels, besides the continuation of providing positive momentum by the main indicators, therefore, we will keep waiting for reaching the target at $4.6200, then attempts to press on the barrier at $4.7500.

The risk of changing the main trend by the attempt of breaking the critical support at $4.1000, which might force it to suffer several losses by reaching $3.8600. 

The expected trading range for today is between $4.3800 and $4.7500

Trend forecast: Bullish