The EURJPY pair continued to provide slow sideways trades by fluctuating near 156.20, attempting to gather the additional negative momentum to reinforce the domination of the previously suggested bearish bias.

We assure the importance of holding below 157.35 barrier, noting that succeeding to gather the negative momentum will push the price to decline towards 155.30 level, while breaking it will extend trades towards the next target at 153.90 direct.

The expected trading range for today is between 155.30 and 157.00

Trend forecast: Bearish

The GBPJPY pair didn’t move yesterday, to trade between 189.80 resistance and 188.20 support lines.

We recommend to wait to achieve the required break to confirm its preparation to target the negative stations by moving towards 186.90 followed by reaching the next main target at 184.85, while surpassing the barrier will cover some losses before reaching any of the negative targets.

The expected trading range for today is between 188.25 and 189.70

Trend forecast: Sideways

Despite platinum price surrender to the domination of the sideways bias, providing new negative closings below 983.00$ barrier supports the domination of the previously suggested bearish bias, to notice facing the MA55 by settling at 960.00$.

The price needs new negative momentum to manage to decline below the current obstacle and start targeting the previously suggested negative stations, located at 950.00$ and 941.00$.

The expected trading range for today is between 950.00$ and 970.00$

Trend forecast: Bearish

Copper price surrendered to the stability of 4.6800$ barrier to force it to activate the bearish track again by crawling below 50% Fibonacci correction level and settling near 4.4900$.

Stochastic attempt to provide the negative momentum increases the negative pressures, to expect suffering additional losses by moving towards 4.4100$ followed by reaching the MA55 at 4.3200$.

The expected trading range for today is between 4.4100$ and 4.5600$

Trend forecast: Bearish