The EURJPY pair provided slow trades yesterday to settle near 160.90 and keep its main consolidation within the minor bullish channel by moving away from 160.70 support line, while stochastic attempt to crawl towards the overbought areas will increase the chances of gaining the positive momentum and allows us to wait to target the positive stations near 161.30 and 161.70.

On the other hand, the return to the bearish track requires forming strong negative waves to settle below 160.50 level followed by starting to target many negative stations by moving towards 160.15 first, followed by 159.70.

The expected trading range for today is between 160.75 and 161.70

The expected trend for today: Bullish

The GBPJPY pair formed mixed sideways trades yesterday despite the frequent stability above the additional support 184.25, affected by stochastic exit from the overbought areas, to hinder the bullish rally temporarily and notice its fluctuation near 184.90 now.

In general, we will keep our bullish overview, assuring the importance of surpassing 185.90 level to open the way to resume the bullish attack, to target 186.76 next, while declining below the additional support will activate the correctional bearish track, to expect suffering some losses by moving towards 183.60 and 182.90 levels before achieving any new positive target.

The expected trading range for today is between 184.65 and 185.95

The expected trend for today: Bullish

Platinum price provided negative close below the bearish channel’s resistance at 906.00, forming some negative waves by settling near 892.00, to confirm its surrender to the domination of the bearish bias again, while the major indicators provide the negative momentum to allow us to suggest more negative attempts that might target 880.00 followed by 855.00 levels soon, which formed solid obstacle against the recent negative attempts.

The expected trading range for today is between 905.00 and 880.00

The expected trend for today: Bearish

Copper price repeated the negative closings below the additional barrier 3.7100, to notice the beginning of forming negative waves yesterday by touching 3.6350 level, confirming the preparation to activate the bearish track again.

Also, the stability of the MA55 near the additional barrier and stochastic attempt to provide the additional negative momentum allow us to suggest more bearish attempts that might target 50% Fibonacci correction level at 3.5000 soon, to form the first main target of the current trades.

The expected trading range for today is between 3.7100 and 3.6100

The expected trend for today: Bearish