The EURJPY pair kept its stability below the bearish channel’s resistance at 163.25, to confirm its surrender to the suggested bearish scenario by reaching 162.50, stochastic attempt to exit the overbought level will provide the required negative momentum to motivate the negative trading, which might target 161.30 level reaching the next target at 160.35 level.

Note that the price success to breach the resistance and holding above it will confirm its move to the bullish track, to begin preferring the bullish scenario, which might target 164.00 and 164.75 level.

The expected trading range for today is between 161.30 and 162.85

Trend forecast: Bearish

No change for the GBPJPY pair’s track by its repeated stability below the resistance at 189.85, waiting for gathering negative momentum that allows it to activate the bearish attack by reaching below 38.2%Fibonacci correction level at 187.85, to repeat the pressure on the obstacle at 186.50.

Note that breaching the current resistance and holding above it, so that will confirm the decline of the current trading, to expect achieving several gains by its rally to 190.50 initially, reaching the extra barrier at 191.55.

The expected trading range for today is between 187.85 and 189.45

Trend forecast: Bearish

Platinum price formed a new bullish rally achieving $958.00 level, then rebound directly to settle near the barrier at $950.00 level, affected by the continuation of the contradiction between the main indicators.

The price might be forced to form mixed sideways trading, but the main stability above the support level at $920.00 represents a main factor that motivates the bullish trading, reminding you that the main targets settled near $966,00, and surpassing it will confirm regaining the main bullish bias, by its stability within the bullish channel’s levels that appear in the above image.

The expected trading range for today is between $940,00 and $966.00

Trend forecast: Bullish

Copper price confirmed delaying the decline by providing new positive closes above the support base at $4.5000 level affected by the moving average 55 stability near it, to notice forming some of the bullish waves and achieving extra gains by reaching $4.6600.

Providing positive momentum by the main indicators, and the repeated stability above the mentioned support will increase the chances for surpassing the barrier at 4.6600$, opening the way for recording new positive gains that might extend to $4.7500 reaching 61.8%Fibonacci correction level near $4.8200.

The expected trading range for today is between $4.5200 and $4.7500

Trend forecast: Bullish