The EURJPY pair continued forming bearish correctional waves, attacking the extra support a 173.40, the upcoming scenario depends on the strength of the current support in the near period, attempting to reach 174.35 then repeats the attempts of pressing on the barrier near 175.20, to increase the chances of recording new gains in the upcoming period.

While suffering new negative pressure and reaching below the current support will force it to resume the correctional decline, to expect reaching 172.60 and 172.15 directly.

The expected trading range for today is between 173.30 and 174.35

Trend forecast: Bullish

The GBPJPY pair suffered extra negative pressures, due to stochastic decline to 20 level, which forces it to suffer some losses by reaching the extra support at 98.60 level, to settle above it.

Note that the price success in holding above 198.60 will reinforce the chances for forming bullish waves, to expect its rally towards 199.55, then attempts to press on the barrier near200.45 to find an exit to resume the bullish attack, while breaking the current support might force it to suffer more of the losses, to expect reaching 100% Fibonacci extension level at 197.80 before any attempt to activate the bullish track.

The expected trading range for today is between 198.55 and 200.45

Trend forecast: Bullish

Platinum price failed to breach $1605.00 barrier, which forced it to provide mixed trading by testing extra support at $1525.00, to form new bullish rally towards $1570.00, to confirm the continuation of the suggested bullish attempts.

We expect the continuation of the mixed trading until gathering the required bullish momentum to breach the mentioned barrier, to open the way towards achieving extra gains that might begin at $1642.00 reaching $1690.00.

The expected trading range for today is between $1550.00 and $1605.00

Trend forecast: Sideways 

Copper price settled above $4.7500 level, increasing the efficiency of the suggested bullish trend, hitting 4.8500 level again.

The unionism of the main indicators to provide positive momentum by forming extra support at $4.5600 level, these factors will support renewing the bullish attempts, that target $4.9500 level reaching the next main target near 5.3200.

The expected trading range for today is between $4.6700 and 4.9500

Trend forecast: Bullish