The EURJPY pair repeated the negative closings below 158.90 barrier, confirming its surrender to the previously suggested negative track by touching 156.05, while stochastic attempt to provide the negative momentum will increase the chances of forming strong negative waves to target 155.70 followed by pressing on the additional support line at 155.30 in order to find a way to resume the decline in the upcoming period.

The expected trading range for today is between 155.30 and 157.60

Trend forecast: Bearish

The GBPJPY pair failed to resume the negative attack despite the consolidation within the bearish channel, affected by the additional support at 188.10, to start forming sideways trades by fluctuating near 189.00.

We expect to witness more sideways trades until gathering the additional negative momentum to manage to break the current support and open the way to target the additional negative stations that might start at 186.90, while rallying above 189.75 will force it to postpone the decline until testing the bearish channel’s resistance line at 191.10.

The expected trading range for today is between 187.00 and 189.70

Trend forecast: Bearish

Platinum price kept its negative stability below 983.00$ barrier, forming some negative trades to face the MA55 again at 960.00$.

Stochastic continuous negative momentum signals will increase the chances of forming new negative waves, to keep waiting to crawl towards 950.00$ level first, while breaking this obstacle might extend losses towards 941.00$ and 920.00$ levels.

The expected trading range for today is between 950.00$ and 971.00$

Trend forecast: Bearish

Copper price reacted to the frequent negative pressures yesterday by crawling below the additional support at 4.5300$, confirming its surrender to the correctional bearish track by settling near the previously suggested first target at 4.4600$.

Despite the contradiction between the major indicators, the frequent stability below the broken support allows us to suggest more negative trades that might target 4.3900$ level, while surpassing it will extend losses towards 4.3200$ to approach the MA55.

The expected trading range for today is between 4.3900$ and 4.5500$

Trend forecast: Bearish