The EURJPY pair failed to breach 184.00 barrier, obstructing the attempts to resume the bullish trend, which forces it to form sideways trading by its fluctuation near 183.55.

Reminding you that the bullish scenario will remain valid by the stability of the trading above the bullish channel’s support at 182.75, confirming the importance of surpassing the barrier, to ease the mission of recording extra gains by its rally towards 184.85 and 185.45, while breaking the bullish channel’s support and holding below it will force it to form strong bearish waves to suffer several losses by reaching 181.50.

The expected trading range for today is between 183.00 and 184.00

Trend forecast: Sideways 

The GBPJPY pair ended the bullish rally by facing an important barrier near 213.00, which forces it to form weak sideways trading by its fluctuation near 212.75.

The stability below this barrier might push the price to form bearish waves, to reach 211.35, while the price success in surpassing the barrier and holding above it will provide a chance for recording extra gains that might extend to 213.40 and 214.15.

The expected trading range for today is between 211.35 and 213.00

Trend forecast: Bearish

Platinum price succeeded in surpassing the negative pressures yesterday, to settle above $1950.00 level, activating with the moving average 55 positivity, forming some bullish waves to settle near $2150.00.

The price needs extra bullish momentum to allow it to step above $2250.00 level, opening the way for forming new bullish waves, to increase the chances of recording extra gains by its rally towards $2340.00 and $2425.00.

The expected trading range for today is between $2000.00 and $2250.00

Trend forecast: Bullish

Copper price activated with the temporary negative pressures yesterday, forming more corrective waves, hitting the previously waited target at $5.5100, facing an important support to bounce higher towards $5.8500.

The stability above $5.5100 level confirms the continuation of the bullish scenario, therefore, we will keep waiting for gathering extra bullish momentum, to ease the mission of its rally towards $59700, to press on the resistance at $6.2000.

The expected trading range for today is between $5.7100 and $6.0000

Trend forecast: Bullish