The EURJPY pair confirmed its surrender to the bearish scenario by settling below 161.60 barrier yesterday, forming more negative attempts by settling near the first target at 159.10.

The continuous negative momentum coming by the major indicators allows us to suggest the bearish overview, to expect attacking 158.40 level soon, followed by attempting to reach the next support at 157.35.

The expected trading range for today is between 158.40 and 160.20

Trend forecast: Bearish

The GBPJPY pair failed to surpass 193.30 barrier yesterday, to push it to form new negative rebound and notice its consolidation near 191.25 now, hinting its surrender to the negative track again.

We notice that the consolidation of the MA55 above the mentioned barrier to confirm confining trading within the negative track for now, to expect suffering additional losses by attacking 190.55 level soon, followed by repeating the pressure on 189.60 support line.

The expected trading range for today is between 190.55 and 192.60

Trend forecast: Bearish

No news for platinum price that keeps moving between 950.00$ initial support and 983.00$ resistance that forms solid obstacle against the attempts to resume the bullish attack.

Also, the contradiction between the major indicators allows us to monitor the price behavior until surpassing one of the mentioned levels, noting that succeeding to breach the resistance will allow the price to renew the bullish attempts to start recording new gains by rallying towards 1005.00$ and 1015.00$ levels, while breaking the support will force it to suffer some losses by crawling towards 935.00$ first.

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

Trend forecast: Sideways

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Copper price reacted to the major indicators’ positivity to notice providing new pressures on 4.3300$ barrier in order to find a way to activate the bullish attack again.

We will depend on the MA55 forming additional support at 4.2000$, noting that achieving the required breach will ease the mission of recording new gains that might extend towards 4.4400$ and 4.5400$ levels soon.

The expected trading range for today is between 4.2500$ and 4.4400$

Trend forecast: Bullish

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