The EURJPY pair ended the correctional bullish rebound by touching 162.85 level, keeping its negative stability below 163.25 resistance line, to confirm its preparation to form new negative waves in the near-term and medium term period.

We assure the importance of gathering the negative momentum to ease the mission of targeting the negative stations that might start at 161.60 followed by reaching the first main target at 160.15.

The expected trading range for today is between 161.60 and 163.00

Trend forecast: Bearish

The GBPJPY pair kept its negative stability below 193.90 barrier to increase the chances of renewing the previously suggested negative attempts and notice crawling towards 192.30.

We expect to get the negative momentum by the major indicators to attack 191.40 level soon, which breaking it will open the way to form strong bearish waves on the near-term and medium term basis, to expect renewing the pressure on 190.20 level followed by targeting the next station at 189.30.

The expected trading range for today is between 190.20 and 193.10

Trend forecast: Bearish

Platinum price lost the positive momentum yesterday to force it to form temporary negative rebound and notice its stability near the additional support 935.00$, to settle above it and reinforce the chances of renewing the bullish attempts again.

Also, 920.00 level continues to form major support against the current trades, allowing us to wait to gather the positive momentum again to manage to surpass the MA55 at 955.00$ followed by extending trades towards the next main target at 983.00$.

The expected trading range for today is between 930.00$ and 955.00$

Trend forecast: Bullish

Copper price still stable below 4.3300$ barrier without any attempt to achieve the breach due to the lack of the positive momentum, as stochastic exits the overbought areas.

We expect to form some mixed trades, assuring the continuous stability above 4.1500$ support line to reinforce the chances of gathering the required positive momentum followed by reaching the positive targets near 4.4100$ and 4.5300$.

The expected trading range for today is between 4.2000$ and 4.3300$

Trend forecast: Sideways