The EURJPY pair continued to form strong bearish waves yesterday, to face the minor bearish channel’s support line at 158.45 and settle above it as appears on the chart.

The price might form sideways fluctuation, noting that the frequent stability below 159.20 that forms additional barrier against the bearish trades and stochastic attempt to crawl towards the oversold areas will increase the chances of breaking the current support and target new negative stations that might extend towards 158.20 followed by reaching 157.65 level, to form the next main target for the medium-term trades.

The expected trading range for today is between 159.00 and 158.45

The expected trend for today: Sideways

The GBPJPY pair didn’t get enough touching 23.6% Fibonacci correction level at 186.50, to take advantage of stochastic decline towards 20 level and form new bearish waves to settle near 186.00.

These factors confirm surrendering to the bearish scenario as expected previously, to keep waiting to target new negative stations soon, which might start at 185.70 followed by reaching 38.2% Fibonacci correction level at 185.00.

The expected trading range for today is between 186.25 and 185.00

The expected trend for today: Bearish

No change to platinum price bullish track despite the lack of the positive momentum recently, to notice its sideways fluctuation near the MA55 at 920.00, reminding you that it is important to hold above the additional support 905.00 to decrease the chances of forming any correctional bearish rebound before reaching the positive stations at 950.0 followed by 983.00 in the medium term period.

The above chart shows stochastic approach to 20 level, to hint the beginning of getting rid of the negative pressures, which increases the chances of gathering the required additional positive momentum to achieve the mentioned targets.

The expected trading range for today is between 910.00 and 950.00

The expected trend for today: Bullish

Copper price continued to provide slow trades by settling near 3.8500, attempting to face stochastic exit from the overbought areas until managing to gather the positive momentum in the near-term period.

On the other hand, the stability of the MA55 below the current trades and forming additional support at 3.7700 assist to confirm the bullish scenario, to keep waiting to gather the additional positive momentum followed by starting to target the positive stations at 3.9200 and 4.0200.

The expected trading range for today is between 3.7850 and 3.9200

The expected trend for today: Bullish