The EURJPY pair formed several bearish waves, affected by the stability below 184.85 barrier, activating with the main indicators’ negativity, achieving the previously suggested targets by reaching 182.05 level, which keeps forming an obstacle against the negative trading.

The last intraday positive rebound doesn’t threaten changing the negative track, to keep waiting for extra negative momentum to gather, to ease the mission of breaking 182.05 level and holding below it to confirm its readiness to target new bearish stations that might begin at 181.55 and 181.10.

The expected trading range for today is between 181.55 and 183.20

Trend forecast: Bearish

The GBPJPY pair activated with the negativity of the main indicators yesterday, to achieve the suggested negative targets in the previous report by reaching 209.40, which forces it to provide mixed trading to gather the required extra negative momentum to confirm the continuation of the negativity in the upcoming trading.

Note that forming an extra barrier at 210.65 level, and the stability of the trading below the moving average 55, these factors makes us keep the negative scenario to expect breaking the extra support at 209.10, to target new bearish stations that might begin at 208.30 reaching 206.90.

The expected trading range for today is between 208.30 and 210.40

Trend forecast: Bearish

Platinum price faced strong bearish pressures yesterday, which forces it to delay the bullish rally by reaching below $2245.00 support, to suffer losses by hitting $2010.00 level, to begin forming sideways trading by its fluctuation near $2135.00.

The stability of the trading below the broken support, which forms extra barrier and providing extra negative momentum by stochastic makes us prefer more negative attempts, which might target $2020.00 level reaching the moving average 55 at $1965.00.

The expected trading range for today is between $2020.00 and $2200.00

Trend forecast: Bearish

Copper price lost the positive momentum in yesterday’s trading, to force it to settle below $5.9700 barrier, forming some bearish corrective trading by targeting $5.6700 level, to provide some mixed trading.

Note that stochastic attempts to provide extra negative momentum will increase the bearish corrective track in the current period, and the stability of the price below the previously mentioned barrier is important to make us expect targeting $5.6200 level, to attempt to press on the extra support near $5.5100.

The expected trading range for today is between $5.5100 and $5.8500

Trend forecast: Bearish