The EURJPY pair returned to form correctional bullish waves by rallying above 157.30, attempting to decrease the recently suffered losses by rallying towards 158.20 now.

The price might take advantage of stochastic positivity to record some additional gains towards 158.65 followed by forming new negative waves to reinforce the chances of reaching the additional negative stations near 156.60 and 155.50.

The expected trading range for today is between 157.00 and 158.60

Trend forecast: Bearish

The GBPJPY pair touched the first additional negative target by reaching 188.68 followed by forming correctional bullish rebound to settle near 190.35, noting that the consolidation within the minor bearish channel and settling below 191.70 resistance line confirm the preparation to renew the negative attempts and repeat the pressure on 188.70 level, while confirming the break will push the price to reach the next negative target at 187.90.

On the other hand, breaching the mentioned resistance and settling above it will allow the price to build new bullish track to press on 50% Fibonacci correction level at 193.35.

The expected trading range for today is between 188.00 and 191.30

Trend forecast: Bearish

Despite platinum price attempt to face the negative pressures, the frequent consolidation below 983.00$ will increase the chances of activating the correctional bearish track on the near-term basis, to expect suffering more losses by crawling towards 950.00$

On the other hand, succeeding to jump above 983.00$ and providing positive close will allow the price to form some bullish waves, to achieve more gains by rallying towards 1000.00$ followed by reaching 61.8% Fibonacci correction level at 1017.00$.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bearish

Copper price attempted to face the negative pressures by fluctuating above the initial support 4.5300$, while the continuous contradiction between the major indicators pushes the price to provide new sideways trades to keep its stability below 4.6800$ barrier.

We expect to continue providing sideways trades, noting that stochastic continuous negative momentum might assist to decline below the current support and suffer additional losses by reaching 4.4600$.

The expected trading range for today is between 4.4600$ and 4.6200$

Trend forecast: Bearish