No news about the EURJPY pair’s price since Friday’s trading, due to its fluctuation near 186.65 barrier, which represents an intraday obstacle against the attempts to resume the main bullish trend.

Note that the stability within the minor bullish channel’s levels by forming initial main support at 185.45 level, these factors make us wait for breaching the current barrier and holding above it to confirm its readiness to resume the bullish trend by its rally towards 186.95 level, to attempt to reach the next main target near 187.60

The expected trading range for today is between 185.90 and 186.95

Trend forecast: Bullish

The GBPJPY pair continued forming sideways trading, to notice its continued fluctuations near 218.40 level without recording any new positive target due to the contradiction between its stability below 218.65 barriers against the attempt of providing positive momentum by the main indicators, specifically by stochastic reach to 80 level.

In general, the main scenario remains bullish, depending on the stability of the initial main support at 216.55, which makes us wait for breaching the current barrier, to begin targeting the positive stations and expect reaching 219.40 initially, putting a pressure on the psychological barrier at 220.00.

The expected trading range for today is between 217.85 and 219.40

Trend forecast: Bullish

Platinum price kept its stability within the bearish trend, depending on the continuation of forming extra barrier at $1695.00, reaching $1566.00 level in Friday’s trading, approaching the suggested initial target in the previous report.

The price rally towards $1620.00 shows its attempt to gather the required extra negative momentum to reach the main negative stations at $1555.00 and $1515.00, while surpassing the extra barrier and holding above it will force it to delay the bearish trend, providing a chance for recovering some losses its rally towards $1740.00 reaching the resistance near $1780.00.

The expected trading range for today is between $1515.00 and $1640.00

Trend forecast: Bearish

Copper price is affected by some negative factors, starting by the stability below $6.5100 barrier, besides the continuation of providing negative momentum by stochastic, forcing it to delay the bullish attempts and providing negative fluctuation by holding near $62700.

The continuation of the negative pressure might push the price to retest the initial support at $6.1000, where breaking it will confirm the dominance of the bearish corrective bias in the upcoming trading, to expect forming initial corrective target at $5.9200 level, while breaching the barrier and holding above it will reinforce the chances of recording new gains by its rally towards $6.5900 initially. 

The expected trading range for today is between $6.1000 and $6.4100

Trend forecast: Bearish