The EURJPY pair kept its stability below the initial barrier that is represented by 209.45 level; however, the weakness of the last trading is caused by its neediness to the negative momentum due to stochastic exit from the oversold level as appears in the above image.
The price might keep providing sideways trading until gathering extra negative momentum, to reinforce the chances of attacking 177.80 level, and surpassing it will make it reach the extra negative stations near 177.35 and 176.70, while the risk of changing the trend and begin building bullish trend depends on breaching 180.80 level and holding with a daily close above it.
The expected trading range for today is between 178.10 and 179.40
Trend forecast: Bearish
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The GBPJPY pair repeated providing weak sideways trading by its stability near 208.45 level, affected by the continuation of forming an obstacle at 280.10 level against the attempts of resuming the bearish trend, noticing the attempt of stochastic to exit the oversold level, which reinforces the dominance of the sideways range bias in the current trading, with a chance to retest the initial barrier near 210.40.
MorePlatinum price ended the last attempts after facing $1900.00 barrier, forcing it to activate with stochastic negativity, forming several negative corrective waves, reaching $1763.00 level.
MoreCopper price failed again to breach the barrier at $6.7400, to force it to activate the bearish corrective trend again, suffering big losses by reaching $6.3900.
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