The EURJPY pair provided mixed trading, to keep its stability near 177.05 level, note that the continuation of the contradiction between the main indicators, by forming extra barrier at 177.85, these factors may force the price to delay the bullish rally and begin providing new bearish corrective trading, to repeat the pressure on 175.80 level, and breaking it will confirm targeting extra corrective stations that might begin at 175.15 reaching the support of the bullish channel towards 174.45.

The expected trading range for today is between 175.85 and 177.45

Trend forecast: Bearish

Despite forming bullish waves and the GBPJPY pair’s stability near 201.30, but it couldn’t confirm regaining the main bullish trend, as there are several barriers represented by 201.70 and 202.40 level.

Therefore, we will keep waiting for extra negative momentum to renew the corrective attempts by reaching 200.25 and breaking this barrier will extend the barrier towards 199.45 and 198.70.

The expected trading range for today is between 200.20 and 201.70

Trend forecast: Bearish

Platinum price didn’t change anything due to its fluctuation between the levels of the current sideways track, that are represented by $1605.00, and $1525.00, which represents a key support for reducing the chances of suffering extra losses.

Note that stochastic attempt to provide positive momentum might push the price to form bullish trading, to attempt to renew the pressure on the previously mentioned barrier, to find an exit to record extra gains in the upcoming period, while breaking the support and holding below it will force it to suffer several losses that begin at $1485.00. 

The expected trading range for today is between 985.00 and 1040.00

Trend forecast: Bullish

Copper price remains affected by the negative factors, which forces it to delay the positive attempts and provide some corrective trading by its stability near $4.9000, reminding you the continuation of providing negative momentum by stochastic might force it to retest the extra support at $4.7500, and breaking this support will force it to suffer extra losses that might extend towards $4.5400 and $4.3200.

While activating the bullish track requires forming strong bullish waves, to settle above $5.2000 level, then attempts to record extra gains by its rally towards $5.3200 and $5.5100.

The expected trading range for today is between $4.7500 and $5.0500

Trend forecast: Bearish