The EURJPY pair kept its consolidation near 158.60 since yesterday, taking advantage of stochastic additional negative momentum signals, to increase the chances of resuming the negative attack on the near-term basis.

Succeeding to break 158.60 and holding below it will open the way to target more negative stations, starting at 157.90 as a first station, followed by attempting to press on the additional support at 157.30.

The expected trading range for today is between 157.90 and 159.60

Trend forecast: Bearish

The GBPJPY pair ended yesterday by providing new negative close below 193.30 barrier, confirming its surrender to the previously suggested bearish scenario to notice its fluctuation near 161.60 now.

The negative momentum coming by the major indicators will increase the efficiency of the negative track, to keep waiting to target the negative stations that might start at 190.60 and 189.70.

The expected trading range for today is between 189.70 and 192.00

Trend forecast: Bearish

Platinum price surrendered to stochastic negativity this morning, to notice moving towards the minor bullish channel’s support line at 971.00$, hinting postponing the bullish attempts until gathering the positive momentum again.

We expect to get sideways trades now, noting that facing additional negative pressures might force it to crawl below the current support line to suffer losses by moving towards 958.00$ followed by attempting to test the next support at 950.00$, while rallying above 983.00$ again will reinforce the chances of renewing the bullish attempts, to target 1005.00$ as a first positive station.

The expected trading range for today is between 960.00$ and 983.00$

Trend forecast: Bearish temporarily

Copper price returned to fluctuate near the additional support at 4.5300$, affected by stochastic negativity, to force it to postpone the attempts to activate the bullish track now.

Note that facing continuous negative pressures might push the price to break the current support and suffer more losses by crawling towards 4.4600$ and 4.3900$ levels, while regaining the bullish bias requires forming strong bullish rally to surpass 4.6800$ followed by repeating the pressure on 4.8100$ resistance line.

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

Trend forecast: Bearish