The EURJPY pair formed many negative waves yesterday, attacking the additional support at 160.20 mentioned in our previous report.

Despite the current fluctuation above the additional support, the major indicators provide the negative momentum to allow us to wait to break 160.00 followed by targeting some negative stations by moving towards 159.40 and 158.10.

The expected trading range for today is between 159.40 and 161.10

Trend forecast: Bearish

The GBPJPY pair faced strong negative pressures yesterday to notice crawling below 191.90 level and suffering some losses by touching 191.15 level, while the current positive rebound won’t allow the price to regain the bullish track due to the MA55 consolidation near 50% Fibonacci correction level at 194.10, to confirm confining trades within the negative track for the near-term trades.

Also, stochastic crawl below 50 level will increase the negative pressures to expect suffering additional losses by crawling towards 190.60 followed by reaching the next support at 189.50.

The expected trading range for today is between 190.60 and 192.60

Trend forecast: Bearish

Platinum price repeated forming bullish waves after surpassing 955.00$ barrier, to notice rallying towards the first main target at 972.00$ direct and settle near it.

Stochastic current rally above 50 level confirms gaining the additional positive momentum, allowing us to keep the bullish overview that might target the next barrier at 983.00$, while surpassing it will push the price towards 1005.00$ as a next main target.

The expected trading range for today is between 955.00$ and 983.00$

Trend forecast: Bullish

Copper price started to get the positive momentum, achieving some gains by rallying towards 4.3100$ yesterday and approach the previously targeted support barrier.

Note that the main stability above 4.1500$ support line and the continuous positive momentum coming by the major indicators will reinforce the chances of surpassing 4.3300$ level to open the way to achieve additional gains that might start at 4.4400$ followed by reaching 4.5300$.

The expected trading range for today is between 4.2000$ and 4.4400$

Trend forecast: Bullish