The EURJPY pair provided a new negative close below 181.70 barrier, to confirm delaying the bullish rally, activating with stochastic negativity by forming corrective waves and its stability near 180.10.

This corrective decline will not threaten the main bullish scenario, depending on the continuation of forming current support at 179.40 level, therefore, we will keep waiting for gathering bullish momentum to help it to form new bullish waves, to renew the pressure on the barrier and find an exit for achieving new gains in the upcoming period.

The expected trading range for today is between 179.65 and 181.70

Trend forecast: Bullish

The GBPJPY pair failed to settle above 206.90 level, which forces it to form corrective trading and begin gathering gains by reaching 206.30.

In general, the stability within the bullish channel’s levels and forming initial main support at 205.20 level make us wait for gathering extra bullish momentum, which allows it to renew the bullish attempts and reach extra stations near 207.65 and 208.20.

The expected trading range for today is between 205.80 and 207.65

Trend forecast: Bullish

No news for platinum price until this moment, providing weak sideways trading by its stability near$1650.00, due to the continuation of the main indicators’ contradiction, specifically by stochastic reaching below 50 level.

The sideways trading might continue for today, but the stability above the extra support at $1605.00 forms extra factor to confirm the dominance of the bullish track, therefore we will keep waiting to gather extra bullish momentum to surpass the $1695.00 level, then begin recording extra gains by reaching $1715.00.

The expected trading range for today is between $1620.000 and $1695.00

Trend forecast: Bullish

Copper price continued forming bullish trading, attempting to settle above $5.3200 level, to open the way for achieving more gains as we expected, the unionism of providing positive momentum by the main indicators will reinforce the chances of reaching $4.5000, which might form a key barrier against the current trading.

While the fluctuation below $5.2000 might force it to delay the bullish attack temporarily, which forces it to activate the bearish corrective track by targeting $4.9500 level before any attempt to record more positive targets.

The expected trading range for today is between $5.2500 and $5.5000

Trend forecast: Bullish