The EURJPY pair faced to resume the negative attack by attacking extra support at 159.60 level, which forces it to delay the negative attack and providing mixed trading, to settle near the moving average 55 at 161.00.

Note that the continuation of the trading stability below the bearish channel’s resistance at 163.25 that appears in the above image represents a main factor that confirms the continuation of the negativity in the upcoming trading, therefore, we will keep waiting for gathering extra momentum that allows it to break the support at 157.60, then wait for reaching the negative stations near 158.90 and 157.40.

The expected trading range for today is between 159.60 and 162.20

Trend forecast: Bearish

The GBPJPY pair succeeded to compensate several previously achieved losses, forming a strong bullish rebound after hitting 184.38 level, to notice attacking the resistance at 189.60, which represents the threshold for confirming the main trend on the near and medium trading.

The stability of the price below this resistance makes us expect renewing the negative attempts, attempting to reach below 38% Fibonacci correction level at 187.90, then targeting some of the negative stations by reaching 187.10 and 186.60, while breaching the resistance and holding above it will reinforce the chances for compensating more of the losses by reaching 190.75, which represents the initial positive target for the bullish trading.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bearish

Platinum price continued forming the bullish correctional trading, surpassing the obstacle at $920.00, to begin recording some of the gains by reaching $930.00, getting advantage from the continuation of the positive momentum that come from stochastic, which approaches from 50 level.

Reminding you that the bullish suggestion on the current trading will remain valid, depending on the stability of the support at $895.00, to expect reaching 50%Fibonacci correction level at $950.00, and surpassing it will lead the price to test the resistance at $961.00

The expected trading range for today is between $920.00 and $950.00

Trend forecast: Bullish 

Copper price get advantage from the repeated positive stability within the bullish channel’s levels, forming a strong bullish rally after testing the support at $4.000, to notice recording some of the main targets by hitting 38.2% Fibonacci correction level at $4.4300.

The contradiction between the main indicators might assist forming some of the sideways trading, to keep waiting for gathering extra positive momentum that allows it to resume the rise and reaching the extra positive stations near $4.5600 reaching $4.6800.

The expected trading range for today is between $4.2300 and $4.5600

Trend forecast: Bullish