The EURJPY pair began new positivity this morning by its rally towards 186.22, but its neediness to negative momentum that pushed it to retest 184.85 level, to begin forming sideways waves as appears in the above image.

In general, we will keep preferring the bullish bias by the stability of the trading within the bullish channel’s levels and its main support settles near 183.40, therefore, we recommend waiting for gathering bullish momentum in the near period, reinforcing the chances of reaching 186.85, and surpassing it will form next main target at 187.75 in the upcoming trading.

The expected trading range for today is between 184.90 and 186.85

Trend forecast: Bullish

The GBPJPY pair failed to confirm breaking 212.85 level, which forces it to delay the previously suggested negative scenario, forming bullish waves to test the broken bullish channel’s support at 214.40 in this morning’s trading, forming a new bearish decline to settle near 213.40.

The contradiction between the main indicators might push the price to provide temporary trading, to keep waiting to confirm the negative scenario by reaching below 212.85, opening the way for targeting negative stations at 212.00 and 211.25, while breaching 214.40 and holding above it will confirm regaining the bullish track, providing strong chances to record new gains by its rally towards 215.50.

The expected trading range for today is between 211.25 and 213.85

Trend forecast: Sideways

Platinum price attempted to surpass the negative pressures by forming some bullish waves, achieving $2145.00 level to settle above the moving average 55, noting that this rebound will not confirm regaining the bullish trend, due to the continuation of forming an important barrier at $2245.00 level, which makes us prefer the sideways bias dominance in the current period trading until gathering negative momentum, which allows it to decline below $1950.00, to target the corrective stations near $1860.00 and $1740.00.

While breaching the barrier and holding above it, will increase the chances of recording several gains, to expect its rally towards $2340.00 to press on $2425.00 barrier.

The expected trading range for today is between $1780.00 and $2070.00

Trend forecast: Bearish

Copper price reached the corrective target in Friday’s trading by reaching $5.5100 extra support level, rebounding quickly but its stability below $5.9700 barrier by providing negative momentum by stochastic, so that makes us keep the corrective scenario in the near- term trading.

Therefore, we expect renewing the negative attempts to press on $5.5100 level again, and breaking it will ease the mission of targeting new negative stations that might extend towards $5.4100 and $5.2800.

The expected trading range for today is between $5.5100 and $5.9500

Trend forecast: Bearish