The EURJPY pair reached the corrective target at 181.65 yesterday, to face the main bullish channel’s support, providing a chance for recovering some losses by its rally above 182.65 support, recovering some losses by its stability near 183.55.

Depending in forming extra support at 182.65 level, to confirm the importance of gathering bullish momentum to reinforce the chances of renewing the bullish attempts by surpassing 184.00 level, then targeting several positive stations that begin at 184.55 and 184.85.

The expected trading range for today is between 182.85 and 184.00

Trend forecast: Bullish

The GBPJPY pair ended the last corrective decline by facing the support at 209.65, forming the main target in the previous report, to begin activating the bullish waves, to surpass 210.65 barrier, to recover some losses by its rally towards 211.35.

Leaning above 210.40 again will provide a chance for activating with the main indicators’ positivity, to reach towards the moving average 55 at 211.70, then attempting to press on the broken bullish channel’s support at 212.15, to find an exit for the stability within the bullish trend, while its decline below 210.65 might force it to suffer extra losses by its decline towards 209.80 reaching 209.00.

The expected trading range for today is between 210.65 and 212.15

Trend forecast: Bullish

Platinum price ended the last bullish rally by reaching $2919.00 level, to begin gathering the gains by its decline towards $2565.00, the current corrective trading caused by stochastic exit from the overbought conditions, to confirm delaying the bullish attempts in the upcoming trading.

Therefore, we expect providing mixed trading by its stability below$2710.00 level, to increase the chances of targeting extra corrective stations that might extend towards $2550.00 and $2465.00.

The expected trading range for today is between $2550.00 and $2710.00

Trend forecast: Bearish

Copper price reached $5.9700 level yesterday to settle below it, affected by the continuation of the contradiction between the main indicators, especially by stochastic exit from the overbought level, which forces it to fluctuate in sideways range by its stability near $5.8300.

We expect the price to be affected by a state of instability due to the ongoing divergence of the main indicators, despite the presence of an opportunity to edge toward $5,720.00. However, exposure to negative pressure may force it to retest the solid support near $5,510.00, while surpassing this level and holding above it will reinforce the chances of recording new gains that might extend towards $6.1200 and $6.2400.

The expected trading range for today is between $5.7500 and $6.000

Trend forecast: Fluctuating