The EURJPY pair is affected by the negative pressures, due to its repeated stability below the resistance at 164.90, forming several bearish waves, approaching from the initial support at 163.35 level.

The suggested scenario depends on the stability of the current support, to expect activating the bullish track, which might target 164.20 and 164.90 level gradually, while breaking the support and holding below it will increase the chances for resuming the decline, and 162.40 level represents the next target of the bearish track.

The expected trading range for today is between 163.30 and 164.90

Trend forecast: Bullish

The GBPJPY pair activated the bearish correctional track, due to its reach below 194.60 level, affected by stochastic exit from the overbought level, which forces it to suffer some losses by reaching 193.90.

Depending on the key support extension on 193.35 level, to increase the chances for activating the bullish track, to step above 194.60 then targeting 195.70 level, while breaking the support will force it suffer extra losses that might extend to 192.65 reaching to the moving average 55.

The expected trading range for today is between 193.35 and 195.00

Trend forecast: Bullish

Platinum price began to receive negative momentum due to stochastic reach below 50 level, reinforcing the chances for activating the suggested negative attack, reminding you that the bearish scenario remains valid, depending on the continuation of forming extra barrier at $1005.00 level, to increase the chances for reaching the moving average 55 near $966.00, surpassing it will renew the pressure on the support at $950.00.

The expected trading range for today is between $965.00 and $1000.00

Trend forecast: Bearish

Copper price confirmed the continuation of the bearish scenario by providing a new negative close yesterday below $4.6600, which represents an extra barrier to its stability near 50% Fibonacci correction level.

Note that gathering the negative momentum in the current period is important to ease the mission of pressing on the barrier at $4.5000 level, and breaking it will open the way towards targeting negative stations, which might extend to $4.4500 and $4.3100.

The expected trading range for today is between $4.4500 and $4.6600

Trend forecast: Bearish