The EURJPY pair failed until this momentum by breaching the barrier at 186.00, forcing it to form mixed sideways trading, to fluctuate near 185.50 level, affected by the continuation of the main indicators’ contradiction, especially by stochastic exit from the overbought level.

The stability of the support level at 184.85 makes us wait for gathering extra positive momentum, to reinforce the chances of holding above the mentioned barrier, to begin targeting several stations by reaching 186.65 and 187.10, while breaking the support and holding below it will support the dominance of the bearish corrective trend, to expect targeting 184.20 and 183.70 initially.

The expected trading range for today is between 185.20 and 186.00

Trend forecast: Sideways 

The GBPJPY pair surrendered to form a strong barrier at 215.50, affected by stochastic exit from the overbought level, forming some bearish waves by targeting 214.30 level.

The current decline will not threaten the attempt of activating the bullish trend, depending on forming initial main support at 213.50 level, which makes us wait for gathering the positive momentum, to renew the pressure on 215.50, where surpassing it will ease the mission of recording extra gains by its rally towards 216.10 and 216.60.

The expected trading range for today is between 214.10 and 215.50

Trend forecast: Bullish

Platinum price needs positive momentum to form new corrective waves, to attack $1865.00 support, attempting to settle above it to confirm the bullish scenario and its rally towards $1885.00.

The stability above the current support will increase the chances of gathering positive momentum will allow it to record some gains by its rally towards $1955.00 reaching the moving average 55 near $1990.00, while facing negative pressure and holding below the current support will force it to suffer extra losses by reaching $1810.00 and $1770.00.

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

Trend forecast: Bullish

Copper price ended the bullish rally by reaching $6.6300 level, forcing it to provide some corrective waves by reaching $6.3750, due to stochastic exit from the overbought level to delay the bullish rally temporarily.

While the main stability above $6.1000 support forms a main factor to confirm the continuation of the positivity in the upcoming trading, therefore, we will keep waiting for gathering new momentum, to attempt to form a new support at $6.2500 level, to reinforce the chances of renewing the bullish attempts to target $6.7500 reaching $6.9400.

The expected trading range for today is between $6.2800 and $6.5500

Trend forecast: Fluctuating