The EURJPY pair lost the positive momentum yesterday, to form bearish wave and settle below the additional support 134.80, suffering some losses by touching 134.30.

The continuous fluctuation below the broken support will increase the chances of resuming the correctional bearish trades that might push it to reach 133.50 level, followed by monitoring the price behavior due to the importance of this level to detect the next medium term trend.

The expected trading range for today is between 135.00 and 133.50

The expected trend for today: Bearish temporarily

The GBPJPY pair surrendered to the stability of the additional barrier 161.50, to assist to activate the previously expected correctional bearish track, expecting to get the negative momentum and start recording the negative targets, to move towards 159.30 level, while the continuous negative pressures might force the price to decline towards 157.90 to test the additional support that appears on the chart.

Note that succeeding to breach the mentioned barrier and holding above it will cancel the negative overview to manage to continue rising and starting targeting the positive stations at 162.10 and 163.30.

The expected trading range for today is between 161.50 and 159.30

The expected trend for today: Bearish

No news for platinum price until this moment, to continue fluctuating within the bearish track that depends on the stability of 1040.00 barrier in addition to the moving average 55 that forms additional obstacle at 1007.00.

Therefore, we will keep waiting to form new negative attack to manage to break 950.00 and open the way to resume the correctional bearish attack that might target the historical support at 905.00.

The expected trading range for today is between 1010.00 and 950.00

The expected trend for today: Bearish

Copper price started to get the additional positive momentum by stochastic, to manage to renew the pressure on 4.8100 barrier that formed an obstacle against the attempt to resume the recent main bullish attack.

We recommend to wait the next four hours’ close to manage to detect the accurate trend, as breaching the current barrier will cancel the correctional bearish overview and open the way to target new positive stations that might start at 5.000 and 5.1800.

The expected trading range for today is between 4.7000 and 5.0000

The expected trend for today: Bullish