The EURJPY pair didn’t move anything since yesterday, to notice its fluctuations in sideways range near 196.60 level, attempting to face the negativity of stochastic and finding an exit to resume the bullish attempts until reaching the resistance of the bullish channel at 170.40.

Therefore, we will return to prefer the bullish attempts in the current trading, depending on the stability of the price above 168.70 level, confirming the importance of monitoring its behavior after reaching the targeted resistance, which forms a main key to detect the main trend in the upcoming trading.

The expected trading range for today is between 168.70 and 170.40

Trend forecast: Bullish

Despite the stability of the GBPJPY pair price within the bullish channel’s levels, but the continuation of forming a strong extra barrier at 198.80 level, besides stochastic exit from the overbought level and providing negative momentum will increase the efficiency of the bearish correctional track, targeting 196.90 level reaching the support of the bullish channel to 196.10.

Noting that the attempts of renewing the bullish rally by recording new gains will remain valid, depending on breaching 198.80 level and providing a positive close above it, to ease the mission of reaching 199.45 and 200.00.

The expected trading range for today is between 196.10 and 198.20

Trend forecast: Bearish

Platinum price attempted to renew the bullish attempts by its rally to $1377.40, but its neediness to the positive momentum that pushed it to form weak and sideways trading, to settle near $1342.00 approaching from the bullish channel’s support at $1330.00.

The current scenario depends on the strength of the mentioned support, its stability makes us expect forming bullish waves, to confirm its stability above $1366.00 level, to ease the mission of resuming the bullish attack and reaching the next target near $1400.00, while breaking the support and holding below it will confirm activating the attempts of gathering the gains by reaching $1303.00 initially followed by $1275.00.

The expected trading range for today is between $1330.00 and $1382.00

Trend forecast: Bullish

Copper price repeated its fluctuation in the last period below the barrier at $5.1000, as its stability decelerates the chances for resuming the main bullish attack, stochastic exit from the overbought level makes us expect gathering the negative momentum, reinforcing the chances for the attempts of gathering the gains by forming bearish correctional waves, to target $4.9100 level reaching the next support near $4.8100.

Note that the price success to breach the barrier and holding above it will reinforce the positive chances again, opening the way for targeting some extra positive stations by its rally to $5.1900 and $5.3200.

The expected trading range for today is between $4.9100 and $5.1000

Trend forecast: Bearish