The EURJPY pair didn’t move anything since yesterday, due to the continuation of the main indicators’ contradiction, which forces it to settle above 184.30 barrier, which obstructs the stability of the chances of reaching initial negative stations that are located near 183.90 and 183.50.

The price might provide mixed trading, but the main stability below 185.50 support makes us wait for gathering the required negative momentum for activating the bearish corrective trend and reaching the previously suggested initial stations.

The expected trading range for today is between 183.90 and 184.80

Trend forecast: Bearish

The GBPJPY pair failed in activating the bearish corrective trend due to its neediness to the negative momentum, to settle above 212.80 level, to begin forming bullish waves to settle near 213.50 level.

The contradiction of the main indicators with the stability below 214.50 barrier might force the price to provide unstable mixed trading until gathering the required negative momentum to break 218.00 level, opening the way for reaching corrective stations that might begin at 212.35 and 211.80. 

The expected trading range for today is between 212.60 and 213.95

Trend forecast: Fluctuating

Platinum price kept its stability within the bearish corrective trend by its stability near $1935.00 due to the continuation of forming extra barrier at the moving average 55 by its stability near $2000.00 besides the continuation of providing negative momentum by stochastic.

And that makes us keep the bearish scenario, which might target $1865.00 level and breaking this obstacle will extend the trading towards $1820.00 reaching %61.8 Fibonacci extension level near $1780.00, note that activating the bullish trend requires providing positive closes above $2080.00 level.

The expected trading range for today is between $1865.00 and $1990.00

Trend forecast: Bearish

Copper price took advantage of the initial support near $6.1000 by forming positive rebound, to settle near $6.2500 level, attempting to delay the previously suggested corrective trend, the continuation of forming extra barrier at $6.3800 level might force the price to renew the corrective attempts, to press on $6.1000 level breaking it will extend the trading towards $5.5900 reaching $5.8000 level.

While surpassing the barrier and holding above it will confirm its readiness to renew the bullish attempts, attempting to reach $6.5400 initially, which might record historical targets by its rally towards $6.7300.

The expected trading range for today is between $6.000 and $6.3500

Trend forecast: Bearish