The EURJPY pair provided a new bearish close below the barrier at 187.50 level, announcing its surrender to the bearish corrective bias, to fluctuate again near 186.70, besides providing negative momentum by stochastic stability near 20 level will increase the chances of targeting the corrective stations, which are located near 186.10 and 185.65.

While surpassing the barrier and holding above it will confirm its move to a new positive stations, to expect an attempt to record extra gains by its rally towards 188.40 and 188.80 initially.

The expected trading range for today is between 185.65 and 187.10

Trend forecast: Bearish

No news for GBPJPY pair until this moment, confined between 214.80 support, while 215.70 level keeps forming a strong barrier against the bullish attempts, forcing it to provide sideways trading by its fluctuation near 215.60.

Note that stochastic approach 80 level might help it to provide extra positive momentum to surpass the current barrier, reinforcing the chances of reaching new bullish stations that might begin at 216.40 and 216.90, while the failure of the breach will increase the chances of forming bearish corrective waves, to press on the previously mentioned support and surpassing it will make the initial main target at 214.10 level in the bearish trading.

The expected trading range for today is between 214.80 and 215.70

Trend forecast: Sideways 

Platinum price formed some bearish corrective waves, affected by the continuation of forming an extra barrier at $2085.00 level, approaching the initial corrective target by reaching $1968.00, attempting to settle above the moving average 55.

The continuation of providing sideways trading and the continuation of the indicators contradiction might force it to attack $1950.00 and breaking it will open the way for targeting extra negative stations that might begin at $1910.00 and $1865.00

The expected trading range for today is between $1950.00 and $2040.00

Trend forecast: Bearish

Copper price attempted to settle above the initial support at $5.9700, however the continuation of the main indicators’ contradiction pushed it to form new sideways fluctuation to settle near $6.0300.

The continuation of forming an obstacle at $6.1200 level against the bullish attempts will increase the chances of forming bearish corrective waves, to increase the chances of reaching $5.8900 and $5.8200, while breaching the barrier and holding above it will the way for resuming the bullish attempt, to reach $6.2500 initially.

The expected trading range for today is between $5.8900 and $6.1200

Trend forecast: Bearish