The EURJPY pair failed to resume the bullish attack due to the stability below 184.85 barrier, besides stochastic exit from the overbought level, to begin forming bearish corrective waves and its stability near 183.75.

The stability below the previously mentioned barrier will increase the efficiency of the bearish corrective track in the near and medium period, which makes us prefer targeting 182.80 level, to attempt to press on 182.05 barrier.

The expected trading range for today is between 182.80 and 184.40

Trend forecast: Bearish

The GBPJPY pair activated the bullish attempts, to achieve the suggested target by reaching 211.25, facing a key barrier which forces it to form new negative rebound, to settle near the initial support at 210.65 level.

Note that the continuation of the main indicators contradiction by the price stability below 211.25 might push it to form new bearish waves, attempting to reach 209.85 to press on 209.15 support, while confirming the positivity requires forming strong bullish rally, to settle above 211.25, to ease the mission of targeting the next positive level at 212.05.

The expected trading range for today is between 209.80 and 211.00

Trend forecast: Bearish

Platinum price surrendered to the stability of the barrier at $2430.00, pushing it to activate the attempts of gathering gains by testing $2245.00 support, to settle above it.

The suggested scenario depends on the strength of the current support, as its stability makes us expect begin forming bullish waves, to attempt to reach $2345.00, to repeat the pressure on the mentioned barrier, while its decline below the support and providing negative close will force it to suffer several losses by reaching $2180.00 and $2130.00. 

The expected trading range for today is between $2245.00 and $2345.00

Trend forecast: Bullish

Copper price hasn’t moved anything since yesterday, due to its fluctuation below $5.9700 barrier, announcing its surrender to the sideways bias dominance, forming weak trading by its stability near $5.9000.

The continuation of the main indicators contradiction might push the price to provide more sideways trading, and its rally above the barrier and holding above it will open the way for recording extra gains, which might begin at $6.1200 and $6.2400.

The expected trading range for today is between $5.8500 and $6.1200

Trend forecast: Bullish