The EURJPY pair approached the initial positive target in yesterday’s trading at 182.60, activating with stochastic negativity, forming some bearish waves to approach 180.85 support.

Noting that the suggested scenario remains valid depending on the strength of the current support, holding above it will increase the chances of recording several gains by its rally towards 183.35, while breaking the support and holding below it will open the way for activating the negative track again, to form initial target at 180.10 level.

The expected trading range for today is between 181.00 and 182.60

Trend forecast: Bullish

The GBPJPY pair ended the last trading by providing new negative close below 209.15 barrier, to confirm the continuation of the negative scenario, leaning near 208.20 level.

Providing negative momentum by the main indicators supports the negative scenario, to keep waiting for reaching the initial target at 207.60, to attempt to attack %50 Fibonacci correction level at 207.05, representing a key for detecting the targeting of the upcoming trading.

The expected trading range for today is between 207.05 and 208.85

Trend forecast: Bearish

Platinum price forced to provide slow trading in the last period due to the continuation of the main indicators’ contradiction, especially with the stability of moving average 55 below the current trading, to form an intraday support at $1910.00 level.

In general, we will keep preferring the bearish corrective scenario, depending on the stability at $2245.00 and the continuation of the bearish momentum by stochastic, we will keep waiting for extra support at $1950.00 and breaking it might extend the losses directly towards $1880.00 reaching the next support at $1785.00.

The expected trading range for today is between $1950.00 and $2100.00

Trend forecast: Bearish

Copper price continued its negative moves, conforming its surrender to the previously suggested bearish corrective scenario, fluctuating near $5.6780 level, the stability below $5.9700 barrier and the continuation of providing negative momentum by stochastic will increase the chances of facing $5.5100 support, and breaking it will force it to suffer extra losses by reaching $5.3600 initially, reaching the next support at $5.1000 level.

The expected trading range for today is between $5.5100 and $5.8500

Trend forecast: Bearish