The EURJPY pair didn’t move anything since yesterday, fluctuating again below the barrier at 163.25, confirming the stability of the suggested negative scenario, gathering the negative momentum is important to ease the mission of pressing on the moving average 55, as its stability near 161.45 represents an obstacle against the negative attack.

Reminding you that the price success to reach below the moving average 55 and holding below it will ease the mission of targeting the negative stations, which might begin at 160.85 and 160.20.

The expected trading range for today is between 161.45 and 163.00

Trend forecast: Bearish

The GBPJPY pair announced delaying the bearish trading by its stability above the support of the sideways range at 190.75 level, recording some gains by its stability near 191.70, facing the moving average 55.

We expect providing mixed trading, noting that 192.45 level represents an extra barrier that might assist in renewing the negative attempts, to ease the mission of breaking the current support and begin targeting the negative stations that are located near 189.90 and 189.20.

The expected trading range for today is between 191.00 and 192.40

Trend forecast: Sideways

Platinum price repeated its fluctuation at $983.00, attempting to take advantage of the main indicators positivity to confirm regaining the bullish bias, by forming extra support by the stability of the moving average 55 near $965.00, and stochastic approach from 80 level, all that makes us wait for confirming breaching the current barrier, to open the way towards recording several gains that might begin at $1000.00 and $1017.00.

The expected trading range for today is between $974.00 and $ 1000.00

Trend forecast: Bullish

Copper price was affected by the US data yesterday, delaying its bullish rally to reach $4.5400, to test the initial support and settles above it, to keep the chances for activating the bullish track again.

The price needs the positive momentum to surpass $4.6600 level then repeats the attempts of recording the targets by reaching $4.8100 and $4.9000.

The expected trading range for today is between $4,5400 and $4.7300

Trend forecast: Bullish