No news for the EURJPY pair, to keep providing weak sideways trading, due to the continuous contradiction between the main indicators in the last period, to notice its fluctuation near the moving average 55 at 161.60.

Note that the stability of the trading below the main resistance at 163.05 represents a main factor for confirming the bearish bias domination, to keep waiting for targeting negative stations near 160.35 and 159.55, while breaching the resistance and holding above it will cancel the negative suggestion, to begin targeting several positive stations by reaching 163.70 and 164.20.

The expected trading range for today is between 160.35 and 162.40

Trend forecast: Bearish

The GBPJPY pair failed to confirm breaking 188.00 level, which pushes it to form a new bearish rebound, testing the resistance at 189.90, to settle below it, attempting to confirm the continuation of the suggested bearish scenario, to settle near 188.80.

Providing negative momentum by the main indicators will increase the chances for the negative attack, confirming breaking the obstacle at 188.00 makes us expect targeting the negative stations near 187.10 and 186.50.

The expected trading range for today is between 187.10 and 189.80

Trend forecast: Bearish

Platinum price failed to enter the bullish channel’s levels by its repeated stability below the $972.00 level, which forces it to provide mixed trading, to notice its stability near the moving average 55 at $962.00.

Note that the price success to settle above the extra support at $950.00 will reinforce the chances for gathering the required extra positive momentum to renew the pressure on the resistance at $974.00 and surpassing it will confirm regaining the bullish bias to extend the trading towards $994.00 reaching the next main target at $1005.00.

The expected trading range for today is between $955,00 and $974.00

Trend forecast: Bullish

Copper price’s trading extended towards 68% Fibonacci correction level, recording the second target at $4.9000, to form an extra barrier against the bullish rally.

We expect price affection by some of the negative pressures, especially, stochastic attempts to exit the overbought level, which might increase the chances for activating the bearish correctional track and suffering some losses by reaching $4.7700 and $4.6800, while the price success to breach the obstacle will reinforce the chances for recording new gains that might extend towards $4.9600 reaching the next barrier near $5.0300.

The expected trading range for today is between $4.7700 and $4.900

Trend forecast: Fluctuated within the bullish track