Despite the EURJPY pair’s price being affected yesterday by the dominance of the sideways bias and providing mixed trading, but its stability above the bullish channel’s support at 182.20 represents a main factor to confirm the bullish scenario of the upcoming trading, therefore, we will keep waiting for gathering positive momentum, to ease the mission of surpassing the barrier at 184.00, then begin recording new gains by reaching 184.55 and 184.85.

Note that the price attempt to settle below the mentioned bullish support will cancel the bullish scenario, to expect forming bearish corrective waves, to target 181.55 and 180.40 initially.

The expected trading range for today is between 182.80 and 184.00

Trend forecast: Bullish

There is no change on GBPJPY pair’s track until this moment, due to its stability above 210.40 support, to notice forming bullish waves and settling near 212.10 barrier.

The attempts of the main indicators to provide bullish momentum will increase the chances of breaching the current obstacle, opening the way for recording new gains that might begin at 212.55, then pushing the resistance to reach 212.85, which represent the confirmation point of regaining the main bullish trend, while the decline below the mentioned support and holding below it will confirm its move to the negative trend, forcing it to suffer several losses by reaching 209.60 and 209.00.

The expected trading range for today is between 211.30 and 212.55

Trend forecast: Bullish

Platinum price faced strong negative pressures, which forces it to provide negative corrective trading by reaching $2370.00, to rebound to settle above the minor bullish channel’s support at $2520.00.

The continuation of providing negative momentum by stochastic will increase the negative pressure, to expect forming corrective waves to press on $2430.00 support, where breaking it will open the way for resuming the corrective decline, and $2325.00 will form extra initial target for the bearish track, while renewing the bullish trend requires a new positive close above $2710.00. 

The expected trading range for today is between $2430.00 and $2560.00

Trend forecast: Bearish

Copper price’s trading extended towards $6.5225 level, achieving new historical gains but its neediness to the negative momentum pushed it to decline again to settle below $6.2100 resistance, to begin gathering some gains by reaching $6.000.

The contradiction between the main indicators by the stability below the resistance might increase the efficiency of the bearish corrective track, which might target $5.7500 level reaching the initial support at $5.5100.

The expected trading range for today is between $5.8000 and $6.2000

Trend forecast: Bearish