The EURJPY pair continued forming strong bearish trading, surpassing the negative target at 170.45, which represents the key to detecting the expected trend in the near and medium period trading, targeting 169.70 level.

Note that the stability below 170.45 and providing extra negative momentum by stochastic will increase the efficiency of the bearish correctional track, to expect forming the next negative target at 169.20 level reaching the support base at 167.60 level, while the return of the fluctuation above 170.45 will provide a chance for recovering some of the losses by forming several bullish waves that might target 171.40 and 172.00 level.

The expected trading range for today is between 169.20 and 170.70

Trend forecast: Bearish

The GBPJPY pair confirmed its surrender to the bearish correctional bias dominance by its repeated stability below the resistance at 198.65, forming a new bearish attack in this morning trading and recording some of the suggested targets by hitting 196.95 level.

The continuation of providing negative momentum by Fibonacci will reinforce the chances of confirming breaking 61.8% Fibonacci correction level at 197.50, to reach 196.55 and 197.75, while the failure to confirm the break will force the price to provide mixed trading with the opportunity to rally towards 198.30 before reaching any of the negative targets.

The expected trading range for today is between 196.55 and 198.10

Trend forecast: Bearish

Platinum price declined sharply after breaking the support at $1375.00, resuming its bearish correctional attack to gather more of the gains by targeting $1284.00 level, then bouncing directly to 2.236%Fibonacci extension level at $1332.00.

Note that the repeated stability below the broken support, which represents an extra resistance that might force the price to provide new bearish trading to expect reaching $1275.00 followed by the next support near $1252.00, while stepping above $1370.00 and holding above it will confirm its readiness to form strong bullish wave again.

The expected trading range for today is between $1275.00 and $1355.00

Trend forecast: Bearish

Copper price is under strong bearish pressure to push it to decline below the support at $5.3200, to lose most of its previous gains to reach $4.3900, to face the moving average of 55.

Despite the main stability within the main bullish channel’s levels, the contradiction between the main indicators may increase the chances for suffering extra losses by targeting 161%Fibonacci extension level at $4.2650, while renewing the bullish attempts requires stepping above $4.7400 level, providing chance for recording gains again.

The expected trading range for today is between $4.2600 and $4.5200

Trend forecast: Fluctuated within the bullish track