The EURJPY pair attacked the additional support at 157.30 this morning, to hint confirming the bearish scenario and settle near 156.80 now.

The continuous negative momentum provided by the major indicators will push the price to provide more negative attempts, to expect moving towards 155.40 soon, while breaking this obstacle might force the price to suffer additional losses by crawling towards the bearish channel’s support line at 153.75.

The expected trading range for today is between 155.40 and 157.80

Trend forecast: Bearish

The GBPJPY pair formed new negative attack this morning, surpassing the negative target at 189.70 to confirm regaining its preparation to resume the decline by settling at 189.25 now.

We assure the importance of providing negative close below 190.00 to reinforce the chances of reacting to the negativity of the major indicators, to expect targeting new negative station that might start at 188.70 followed by reaching the key support 187.90.

The expected trading range for today is between 187.90 and 190.60

Trend forecast: Bearish

Platinum price provided negative signal by crawling below the bullish channel’s support line temporarily, to touch 966.00$ level followed by attempting to return to settle within the bullish track, noting that the frequent stability below 983.00$ and stochastic attempt to provide the negative momentum will increase the chances of renewing the negative attempts, to expect targeting 950.00$ level soon, followed by reaching the next support at 938.00$.

The expected trading range for today is between 958.00$ and 980.00$

Trend forecast: Bearish

Copper price continued to provide negative pressures on 4.5300$ support line, affected by stochastic continuous negativity, to confirm postponing the bullish attempts, while we recommend to wait to break the current support to start targeting the correctional stations near 4.4600$ and 4.3900$.

On the other hand, failing to break will force the price to provide mixed sideways trades due to the continuous contradiction between the major indicators, in addition to 4.6800$ level that forms solid barrier against the attempts to regain the bullish bias.

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

Trend forecast: Bearish