The EURJPY pair is forced to provide weak sideways trading, affected by the contradiction between the main indicators, keeping its stability near 180.80, reminding you that the negative stability below 181.75 barrier forms main factors to motivate the dominance of the bearish corrective trend, to expect the attempt of pressing on 179.40 level, where surpassing it will form next main target at 178.60 for the bearish trading.

While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish trend, to expect recording extra gains by its rally towards 182.30 and 183.05.

The expected trading range for today is between 179.30 and 181.10

Trend forecast: Bearish

The GBPJPY pair is affected by the continuation of the main indicators contradiction, pushing it to delay the suggested bearish attack, noticing its rally towards 205.85, this rally will not confirm the continuation of the positivity due to the stability below 206.90 barrier, to expect forming mixed trading until gathering the negative momentum, then begin targeting corrective stations by reaching 204.45 and 203.75.

Holding above 206.00 level makes us remain neutral, waiting the daily close to detect the expected trend, while breaching the mentioned barrier will open the way for resuming the bullish attack, to expect forming next positive target for the bullish attempts at 207.60 level.

The expected trading range for today is between 204.45 and 206.20

Trend forecast: Bearish

Platinum price began receiving extra positive momentum by stochastic approach from 80 level, to settle again above the extra support level at $1495.00 to achieve some gains by holding near $1550.00.

The positive factors make us keep the bullish suggestion, which might target $1605.00 level, to confirm the importance of surpassing it, to increase the efficiency of the bullish scenario by recording extra gains by its rally towards $1645.00 reaching $1695.00.

The expected trading range for today is between $1525.00 and 1605.00

Trend forecast: Bullish

Despite the weakness of copper prices in the last period, its stability within the main bullish channel’s levels, and holding above $4,7500, supports the chances of renewing the bullish attempts, to settle near $5.0500.

Facing the barrier at $5.2000 by the main indicators confirms the importance of surpassing it to open the way for recording extra gains that might begin at $5.3200 and $5.5000.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Bullish