The EURJPY pair ended the last corrective decline by targeting 186.05 level, activating with the main indicators’ positivity, to rally towards 186.90, announcing its attempt to renew the bullish attempts.

Our bullish scenario depends on forming initial support level at 185.65 level, and surpassing 50 level by stochastic will increase the chances of gathering positive momentum, to ease the mission of targeting 187.40 level, to press on 187.75 barrier again, to find an exit for recording extra gains in the upcoming period.

The expected trading range for today is between 186.40 and 187.75

Trend forecast: Bullish

The GBPJPY pair keeps the bullish scenario by testing the support level of the minor bullish channel at 214.90, rebounding quickly to 215.70 level.

We recommend waiting to achieve the required breach, confirming its move to a new positive station, to begin targeting the initial positive stations at 216.40 and 217.20.

The expected trading range for today is between 215.30 and 216.40

Trend forecast: Bullish

Platinum price continued forming bearish corrective waves, affected by the negativity of the main indicators, recording the previously suggested corrective target by reaching $1905.00 level.

Stochastic stability within the oversold level and forming main barrier at $2080.00 level will increase the efficiency of the negative track in the near period, to expect attacking $1865.00 level, and surpassing it will make the price suffer extra losses by reaching $1825.00 and $1775.00.

The expected trading range for today is between $1865.00 and $1980.00

Trend forecast: Bearish 

Copper price activated the corrective decline by reaching below $5.9700 level, activating with the negativity of the indicators by reaching $5.850, approaching the suggested targets in the previous report.

Note that holding above $5.8100 level might allow it to begin forming bullish waves, to target $6.0200 level, to press at $6.1200 barrier, while facing new bearish pressures might force it to resume the corrective decline by reaching below $5.8100, to expect targeting $5.7000 and $5.5900 level.

The expected trading range for today is between $5.8100 and $6.0200

Trend forecast: Fluctuating within the bullish trend