Despite the weakness of EURJPY pair’s last trading, its negative stability at 215.80 barrier assist to confirm the previously suggested bearish corrective scenario, confirming that gathering negative momentum is important to ease the mission of reaching 184.80 initially, then attempts to press on 214.30 barrier to find an exit for resuming the decline and reaching the main stations near 183.50 and 182.70.

Note that the price rally above the previously mentioned barrier and holding above it will support the chances of forming bullish waves, to attempt to record several gains by its rally towards 186.25 and 186.65.

The expected trading range for today is between 184.30 and 185.70

Trend forecast: Bearish

The GBPJPY pair provided some weak sideways waves by its stability near 214.00, affected by the continuation of the main indicators contradiction beside forming extra support at 213.30 level, obstructing the chances of resuming the previously suggested corrective trend.

The sideways range trading might continue currently, however the stability below 214.50 barrier makes us wait for gathering negative momentum, to repeat the pressure on 213.30 support, to find an exit for targeting more corrective stations by reaching 212.70 and 212.20, while breaching the barrier and holding above it will cancel the negative overview, providing strong chance for forming bullish waves in the upcoming period trading.

The expected trading range for today is between 212.75 and 214.20

Trend forecast: Bearish

Platinum price succeeded in surpassing the negative pressure by its stability above $1865.00 support, forming some bullish waves, approaching the initial target at $1950.00.

The price needs a new bullish momentum that helps it to face the moving average 55 at $2000.00, then press on the resistance near $2080.00, while surpassing the negative pressure and reaching below the current support will turn it to the bearish corrective track, to expect suffering extra losses by reaching $1805.00 and $1775.00.

The expected trading range for today is between $1865.00 and $1950.00

Trend forecast: Bullish

Despite the stability of copper price within the main bullish track, it remains confined between the initial support of $6.1000 and $6.4000 barrier, which pushes it to provide more sideways trading without recording any new positive target.

The contradiction of the main indicators confirms the dominance of the sideways bias currently, to keep waiting for surpassing the barrier to open the way for achieving extra gains that might begin at $6.5600 and $6.7500, while breaking the support and holding below it will force it to activate the bearish corrective track, and $5.9500 level represents the initial station.

The expected trading range for today is between $6.1000 and $6.4000

Trend forecast: Fluctuating within the bullish trend