The EURJPY pair activated with the negative pressures since yesterday, to notice forming several bearish waves, hitting the initial negative target this morning opening at 162.45, to settle above it.

Providing new closes below 163.25 level is required for gathering the required extra negative momentum to resume the decline, to expect reaching 161.90 followed by the moving average 55 near 161.35.

The expected trading range for today is between 161.90 and 163.25

Trend forecast: Bearish

Despite the stability of the GBPJPY pair above the sideways triangle’s support at 190.85, but the continuation of the main indicators’ negative momentum, as the moving average 55 forms an extra barrier at 191.70, besides stochastic reach to 50 level, these factors support the chances for activating the negative attack, to expect reaching near 189.90, breaking this obstacle will extend the losses directly to 189.20 and 188.60.

While regaining the bullish bias requires forming strong bullish waves, to breach the resistance at 193.35, to confirm its readiness to achieve new gains that might begin at 194.60.

The expected trading range for today is between 189.90 and 191.75

Trend forecast: Bearish

Platinum price remains affected by the contradiction between the main indicators, which forces it to delay the negative attack by its repeated fluctuation above the extra support at $950.00, achieving some gains by reaching $973.00.

Reminding you that the stability of the price below $983.00 level, will increase the chances for renewing the negative trading in the current trading, to keep waiting for attacking the support at $950.00, while surpassing the barrier will cancel the negative suggestion, to open the way towards activating the bullish rally, which might target $1000.00 level initially.

The expected trading range for today is between $950.00 and $983.00

Trend forecast: Fluctuated within the bearish track

Copper price began activating with the positivity of the main indicators, forming some of the bullish waves, to settle above $4.660 level, attempting to regain the bullish attempts, and the stability of the moving average 55 near the support at $4.5400 reinforces the chances for targeting positive stations, to wait to reach $4.7300, then repeating the pressure on %61.8 Fibonacci correction level near $4.8200.

Noting that reaching below the mentioned support and providing negative closes below it, will assist to confirm the negative scenario again, to expect suffering several losses by reaching $4.4500 and $4.3100.

The expected trading range for today is between $4.5900 and $4.7300

Trend forecast: Bullish