The EURJPY pair remains stable until this moment near the extra support at 163.35 level, but stochastic is providing negative momentum that makes us confirm breaking this support, to begin forming bearish correctional, to target 162.40 level reaching the support near 161.85.

Reminding you that the chances for activating the bullish track valid for the price success to breach 163.85 level and providing a positive close to increase the chances for forming strong bullish waves to target 164.85 and 165.30 level.

The expected trading range for today is between 162.40 and 163.35

Trend forecast: Bearish

The GBPJPY pair formed more of the slow bearish waves, confirming their surrender to the suggested bearish scenario, by moving away from the barrier at 194.55 level, to repeat the pressure on the intraday obstacle at 192.90.

The continuation of providing negative momentum by stochastic will assist in forming an extra decline to target 192.35 level, reaching the main support at 191.70, while breaching the mentioned barrier will cancel the negative suggestion, to provide the price a chance to renew the bullish attempts by its rally towards 195.20 initially.

The expected trading range for today is between 192.35 and 194.20

Trend forecast: Bearish

Platinum price took advantage of the repeated stability above the extra support at $1042.00, to notice forming some bullish trading and recording the initial target by hitting $1071.00.

Reminding you that confirming breaching $1070.00 level that represents the extension of the bullish channel’s resistance is important, to confirm its move to a new bullish station that allows it to press on the barrier at $1100.00, while the failure of the breach will force the price to provide mixed trading, and there is chance for renewing the pressure on the support at $1042.00.

The expected trading range for today is between $1052.00 and $1080.00

Trend forecast: Bullish

Copper price failed to confirm breaching the barrier at $4.8100, reaching the target at $4.8900 yesterday then form a strong bearish rebound by holding near $4.6900.

The chance remains valid for activating the bullish track by its stability above the support at $4.500, besides the attempt of providing positive momentum by the main indicators, which make us prefer the positivity for today to target $4.8100 again.

The expected trading range for today is between $4.6300 and $4.8100

Trend forecast: Bullish