The EURJPY is under negative threat– Forecast today – 6-8-2025
AI Summary
- The EURJPY pair is under negative threat despite a rally above 170.45 level
- Negative momentum is expected to resume, forming bearish correctional waves targeting 169.35
- The expected trading range for today is between 169.35 and 171.25, with a bearish trend forecast
Despite the rally of the EURJPY pair yesterday above 170.45 level, that will not confirm regaining the bullish bias due to the continuation of the main indicators’ contradiction besides forming a strong extra barrier against the current trading.
And that makes us wait for gathering the negative momentum again, which allows it to resume gathering the gains and forming bearish correctional waves to target 169.35 reaching the extra support near 168.45.
The expected trading range for today is between 169.35 and 171.25
Trend forecast: Bearish
The GBPJPY surrenders to the negative pressures– Forecast today – 6-8-2025
The GBPJPY pair repeated its fluctuation below the barrier at 196.60 level, forcing it to activate with stochastic negativity, forming new bearish waves to press on the moving average 55 at 195.35.
We expect forming sideways trading, but its repeated negative stability below 196.60 confirms its surrender to the bearish scenario, which forces it to suffer extra losses by reaching 194.55 followed by 50%Fibonacci correction level at 194.10.
The expected trading range for today is between 194.10 and 196.00
Trend forecast: Bearish
Platinum price fluctuates below the barrier– Forecast today – 6-8-2025
Platinum price stability at $1342.00 confirmed its surrender to the bearish correctional bias domination, approaching from the initial correctional target at 1290.00.
Note that the stability of the moving average 55 above the mentioned barrier confirms the confinement within the bearish track, to keep our bearish expectation until reaching the stations at 1280.00 and 1255.00.
The expected trading range for today is between $1280.00 and $1330.00
Trend forecast: Bearish
Copper price needs new momentum– Forecast today – 6-8-2025
Copper price kept providing weak sideways trading by stability near the moving average 55 at $4.3500, without any attempt to activate the bullish attack due to its continued neediness for the positive momentum until this momentum.
Reminding you that holding above the extra support at $4.2600 might help it to settle positively, to confirm gathering the extra positive momentum to ease the mission of reaching positive stations that are located near $4.6300 and $4.7500.
The expected trading range for today is between $4.2600 and $4.6300
Trend forecast: Bullish