The EURJPY is under the negative effect– Forecast today – 15-8-2025
AI Summary
- EURJPY pair is experiencing negative momentum due to factors such as stochastic and stability below 172.00
- Bearish correctional track is dominant, with initial support at 170.45 and potential for new losses if broken
- Regaining bullish bias would require a strong rally above 172.00, targeting resistance at 173.40 for new gains; expected trading range for today is between 170.45 and 172.60, with a bearish trend forecasted
Despite the stability of the EURJPY pair’s stability until this momentum within the levels on the bullish channel, but there are several negative factors that began from providing negative momentum by stochastic, and the stability below 172.00 that forms an important obstacle against the bullish trading, these factors help to confirm the dominance of the bearish correctional track, to keep waiting for targeting the initial support at 170.45, and breaking it will force the price to suffer new losses by reaching 169.45.
While regaining the bullish bias requires forming strong bullish rally, to step above 172.00, attacking the resistance at 173.40 to find an exit to achieve new gains in the upcoming period trading.
The expected trading range for today is between 170.45 and 172.60
Trend forecast: Bearish
The GBPJPY repeats the negative closes– Forecast today – 15-8-2025
The GBPJPY provided new negative close below the resistance at 200.50, to confirm delaying the attempts of resuming the bullish attack and begin activating the bearish correctional track by its stability near 199.30.
The price needs an extra negative momentum to ease the mission of pressing on 198.80 level, confirming breaking it will open the way for reaching correctional stations at 197.95 and 197.35 level.
The expected trading range for today is between 197.95 and 199.80
Trend forecast: Bearish
Platinum price leans above the moving average55– Forecast today – 15-8-2025
Platinum price succeeded in confirming breaching the barrier at $1342.00, to notice its fluctuation above the moving average 55, reinforcing the chances for renewing the bullish attempts by its fluctuation near $1355.00.
Providing extra positive momentum by stochastic rally to the overbought levels will increase the efficiency of the bullish track, to expect targeting $1375.00 level reaching the next resistance at $1430.00.
The expected trading range for today is between $1335.00 and $1375.00
Trend forecast: Bullish
Copper price without any new– Forecast today – 15-8-2025
Copper price returned to form weak and sideways trading, attempting to face stochastic negativity that is located within the oversold level, to keep the main stability above the main bullish channel’s support at $4.0500.
The attempt of the moving average 55 to reinforce the stability of the extra support at $4,2600 might help it to provide some positive momentum, to ease the mission of targeting the positive stations near $4.6300 and $4.7400.
The expected trading range for today is between $4.3700 and $4.6300
Trend forecast: Bullish