The EURJPY pair ended the bullish rally by achieving the previously suggested targets by reaching the top at 185.55, to form a strong obstacle against the attempts of resuming the bullish trend, to begin forming temporary corrective waves.

Noting that stochastic attempt to exit the overbought level might force the price to provide mixed trading, and there is a chance to decline towards 184.70, while breaching the top and holding above it will open the way for recording new gains that might extend towards 185.85 reaching 186.50.

The expected trading range for today is between 184.85 and 185.55

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair ended its last bullish rally by recording the target at 213.45, to form a strong obstacle against the attempts of resuming the bullish trend, which forces it to activate with the stochastic negativity by forming corrective rebound, to notice testing the bullish channel’s support at 212.30.

Reminding you that the repeated rise above 212.00 level which represents %2.380 Fibonacci extension level supports the chances of renewing the bullish attempts, to expect targeting 213.00 level, to attempt to surpass the mentioned obstacle, while declining below 212.00 and providing a negative close will confirm its surrender to the dominance of the bearish corrective bias, to expect suffering some losses by reaching 211.45 initially.

The expected trading range for today is between 212.00 and 213.45

Trend forecast: Bullish

Platinum price benefited from providing bullish momentum by the main indicators, forming a new bullish rally, surpassing the barrier at $2420.00 to record new historical target by reaching $2444.00 level.

Depending on forming extra support at $2340.00 level, to confirm the price confinement within the bullish track, noting that there are strong chances for recording new all-time highs that might begin at $2500.00 and $2545.00.

The expected trading range for today is between $2400.00 and $2500.00

Trend forecast: Bullish

Copper price remains affected by the contradiction between the main indicators besides the negative stability below $5.9700 barrier, which obstructs the chances of renewing the bullish attempts, which increases the chances of forming new bearish corrective waves in the near period, to expect targeting $5.6500 level, reaching the initial main support at $5.5100.

While the price success in breaching the barrier and holding above it will open the way for recording new historical gains, to expect reaching the resistance of the bullish channel at $6.1900, and surpassing it will confirm its move to new bullish station in the futuristic trading.

The expected trading range for today is between $5.6500 and $5.9500

Trend forecast: Bearish