The EURJPY pair was under strong bearish pressure yesterday, to press on the bullish channel’s support, represented by 183.45 level, to begin this morning trading with new negative trading by its exit from the bullish track and suffering extra losses by reaching 182.60 level.

Providing negative momentum by the main indicators confirms the price surrender to the bearish scenario, to expect to continue targeting negative stations until reaching 182.00, to attempt to test the next support near 181.05.

The expected trading range for today is between 181.05 and 183.50

Trend forecast: Bearish

The GBPJPY pair achieved the previously suggested negative targets by hitting 210.40 level, but providing negative momentum by the main indicators pushed this morning trading to resume the negative trend.

Forming negative attempts make us expect targeting 209.10 level, which might form an important support to recover the losses gradually by its rally towards 209.90 and 210.40, while breaking this barrier will force it suffer extra losses that might extend towards 208.50 and 208.20.

The expected trading range for today is between 209.00 and 210.40

Trend forecast: Bearish

Platinum price continued forming weak trading in the last period, to settle near $2100.00 without targeting new corrective station due to the main indicators’ attempt to provide bullish momentum, which contradicts with the negative stability below $2245.00 barrier.

The sideways trading continues for today until gathering the required negative momentum to activate the attempts of resuming the profit-taking by reaching $1950.00 initially, to attempt to reach the next target at $1860.00.

The expected trading range for today is between $1950.00 and $1255.00

Trend forecast: Bearish

Despite the weakness of copper price’s last trading, the stability below $5.9700 level and providing bearish momentum by stochastic reaching below50 level makes us keep the bearish corrective scenario in the near-period trading, reminding you that the initial targets is located near $5.7200 and $5.5100 level.

While breaching the barrier and holding above it will reinforce the chances of forming new bullish waves, attempting to record some extra gains by reaching $6.1200.

The expected trading range for today is between $5.5100 and $5.9500

Trend forecast: Bearish