The EURJPY pair resisted the negative pressure, ending the negative attempts by providing positive close above the extra support at 184.25, forming some bullish waves to settle near 185.00.

The contradiction of the main indicators will force the price to provide intraday mixed trading, to expect activating the bullish attempts if it settles above the mentioned support to target 185.50 level, reaching the barrier at 186.00, while the return to settle below the extra support will confirm the dominance of the negative scenario, forcing it to suffer several losses by reaching 183.55.

The expected trading range for today is between 184.25 and 185.45

Trend forecast: Bullish

The GBPJPY pair formed more bearish waves, approaching 212.80 to begin recovering some losses by its rally towards 214.00 as appears in the above image.

Reminding you that the stability of the trading below 214.50 level will increase the chances of facing new bearish pressures, repeating the attempts of reaching 212.80, as breaking it will open the way for resuming the negative attack and reaching 212.00 and 211.45, while breaching the barrier and holding above it will cancel the negative scenario, opening the way for activating the bullish trend again by targeting 215.30 level initially.

The expected trading range for today is between 213.20 and 214.50

Trend forecast: Bearish

Platinum price resumed the negative attempts, to settle near the initial additional target at $1742.00, which represents confirmation key for the suggested trend in the near trading.

Reminding you that the stability below $1865.00 level with the continuation of the negative pressure that comes from the main indicators might increase the efficiency of the bearish trend by breaking $1740.00 level and reaching new negative stations that begin at $1680.00 and $1645.00.

The expected trading range for today is between $1680.00 and $18565.00

Trend forecast: Bearish

Despite the weakness of copper price’s last trading, however the stability below the barrier at $6.6600 supports the chances of forming new bearish corrective waves due to the continuation of the negative pressure by stochastic.

We expect reaching the initial support at $6.1000, where surpassing it will open the way for reaching new corrective stations that might begin at $5.9600 and $5.8200. 

The expected trading range for today is between $6.0000 and $6.3600

Trend forecast: Bearish