The EURJPY pair provided several slow sideways range trading, due to its neediness to the negative momentum, but its main stability below the bearish channel’s resistance at 163.00 makes us keep the negative suggestion in the near and medium period trading.

Stochastic exit from the overbought level will increase the chances for gaining negative momentum, to reinforce the chances of targeting negative stations, which might begin at 161.30 and 160.30, while moving to the bullish track requires forming a strong bullish attack, to provide several positive closes above 163.25 level, then begin recording several gains by its rally to 164.20.

The expected trading range for today is between 160.35 and 162.65

Trend forecast: Bearish

The GBPJPY pair neediness to the negative momentum in the last report, to notice the attempt of providing new pressures on the resistance at 190.10, then repeat forming bearish waves to settle near 189.50.

Until now, the price remains within the negative track by the repeated stability below the resistance, to keep waiting for gathering the required negative momentum, to begin targeting negative stations that begin at 188.80 and 188.00 level.

The expected trading range for today is between 188.00 and 190.00

Trend forecast: Bearish

Platinum price continued forming weak sideways trading by its repeated stability near the resistance at $975.00, confirming its affection for the continuation of the main indicators until this moment, therefore, we will keep waiting for achieving the required breach to increase the chances of forming new bullish waves, to begin recording gains by its rally to $994.00 and $1005.00.

While the breach failure might assist to activate the bearish correctional track in the current trading, which forces the price to renew the pressure on the moving average 55 at $960.00, to attempt to target extra support near $950.00.

The expected trading range for today is between $962.00 and $974.00

Trend forecast: Bullish

Copper price confirmed its affection by the suggested bearish bias domination, by providing new closes below the barrier at $4.9100, to notice by the above image its approach from the initial correctional target at $4.7700.

The continuation of the current barrier stability and stochastic exit from the overbought level will increase the negative pressures on the current period trading, to keep our bearish scenario valid, to expect surpassing the initial target then attempting to press on 50%Fibonacci correction level at $4.6600.

The expected trading range for today is between $4.6900 and $4.8400

Trend forecast: Bearish