The EURJPY pair remains stable above 181.70 level until this moment, forming extra support level to support the chances of renewing the bullish attempts generally, the current sideways trading is caused by the contradiction between the main indicators, especially with stochastic attempts to exit the overbought level.

Therefore, we expect providing some sideways trading by its stability above the extra support will make it begin gathering extra bullish momentum, to repeat the attempts to reach 182.80 then press on the barrier near 183.10, while the decline below the current support makes us remain neutral as there is big chance to provide unstable and mixed trading by its stability within the sideways track that appear in the above image.

The expected trading range for today is between 181.70 and 182.80

Trend forecast: Bullish

The GBPJPY pair ended the last bullish rally by facing the resistance of the main bullish channel that is located at 208.80, which forces it to form corrective trading to begin gathering the gains, to reach 208.10.

The price keeps providing corrective trading, however its stability above the extra support at 206.90 confirms the dominance of the bullish scenario in the current period, therefore, we will keep waiting for gathering extra positive momentum, which allows it to renew the pressure on the resistance and surpassing it will make it record new gains that might begin at 209.30 and 209.75.

The expected trading range for today is between 207.40 and 208.60

Trend forecast: Fluctuated

Platinum price surrendered to the sideways bias dominance, to fluctuate slowly near$1660.00 level, affected by the stability at $1695.00 barrier, which obstructs the chances of resuming the main bullish attack.

The price might keep providing sideways trading, however the stability above the extra support of $1605.00 supports the chances of renewing the bullish attempts, therefore, we will keep waiting for breaching the current barrier, to open the way for recording new gains that might begin at $1715.00 and $1745.00.

The expected trading range for today is between $1635.00 and $1695.00

Trend forecast: Sideways until achieving the breach

Copper price continued providing sideways trading, despite the positive factors to keep its fluctuating moves near the barrier at $5.3200, we will keep waiting to renew the bullish attempts by surpassing the current barrier to begin recording new gains by its rally towards $5.5000 reaching $5.6500 in the medium period trading.

Noting that the price decline below the extra support at $5.1300 will delay the bullish attack, which forces it to activate the corrective trading by suffering some losses by reaching $4.9500 and $4.7500.

The expected trading range for today is between 3.7500 and 4.0500

Trend forecast: Bullish