Despite the EURJPY pair’s recent weak trades, its frequent stability above the bullish channel’s support line at 128.30 confirms surrendering to the expected bullish bias, while the price needs new positive momentum to ease the mission of reaching the positive stations around 129.20 and 130.10 levels.

We remind you that attempting to decline below the current support and holding below it will confirm moving to the bearish track to expect suffering big losses that might start at 127.40 followed by reaching 38.2% Fibonacci correction level at 126.70.

The expected trading range for today is between 128.30 and 129.20

The expected trend for today: Bullish

The GBPJPY pair formed temporary positive rebound yesterday, attempting to take a breath after recording 148.52 level, while in general, the correctional bearish overview will remain valid as long as 151.50 remains intact, to expect gathering the additional negative momentum and start forming new negative trades to target the initial support at 147.80.

On the other hand, succeeding to breach the mentioned barrier and holding above it will cancel the correctional bearish overview and provide the chance to renew the bullish attack, to expect moving towards 152.90 followed by reaching the bullish channel’s resistance at 153.80.

The expected trading range for today is between 150.80 and 148.30

The expected trend for today: Bearish

Platinum price succeeded to resume the correctional bearish attack, to notice recording the first target at 1142.00, expecting to continue the fluctuation within the correctional bearish track as long as 1195.00 barrier remains intact, expecting to face new negative pressures and reach 1105.00 followed by pressing on 38.2% Fibonacci correction level at 1070.00.

We notice stochastic fluctuation below 50 level, to support the correctional bearish overview and continue providing the negative momentum until reaching the suggested targets.

The expected trading range for today is between 1180.00 and 1105.00

The expected trend for today: Bearish

Copper price touched the first correctional target at 3.9500 yesterday, to rebound and attempt to gather more negative momentum to confirm the continuation of the negativity in the near term period.

The stability of 4.1400 barrier confirms blocking trades within the correctional bearish track, to expect gathering the additional negative momentum to reach 3.8800 level, while surpassing it might push the price to test the bullish channel’s support line at 3.6600.

The expected trading range for today is between 4.0550 and 3.8810

The expected trend for today: Bearish