The EURJPY pair was affected by some of the positive pressures, due to the continuation of forming extra support at 161.60, and stochastic rally towards the 80 level, to notice reaching the resistance at 162.90.

We couldn’t confirm regaining the bullish bias unless surpassing the resistance and providing positive closes above 163.25 level, therefore, we will keep preferring the negative attempts in the current period, which might target the support at 161.60, while achieving the conditions of regaining the bullish bias will ease the mission of recording several gains that might begin at 164.20 and 164.90.

The expected trading range for today is between 161.60 and 163.00

Trend forecast: Bearish

The GBPJPY pair announced delaying the negative attack by its rally above the resistance at 190.10, taking advantage from stochastic positivity by achieving some of the gains by reaching 190.95.

The bullish scenario confirmation requires providing positive closes above 190.10 level, which forms an important support level, which allows it to achieve extra gains towards 191.55 reaching the next barrier near 192.00.

The expected trading range for today is between 190.00 and 191.55

Trend forecast: Bullish

Platinum price failed to regain the bullish bias, surrounded by the stability of the resistance at $976.00, forming bearish wave currently, facing the moving average 55 at $962.00.

The price affected by the continued fluctuation below the previously mentioned resistance, which might help it to activate the bearish correction again, and $950.00 level is expected to be the initial negative stations and breaking it might extend the losses towards $938.00 and $930.00.

The expected trading range for today is between $950 and $975.00

Trend forecast: Bearish

Copper price formed several bearish waves yesterday, to move away from the barrier at $4.9100, to target $4.7600 level again.

Providing negative momentum by stochastic exit from the oversold level will increase the chances for forming new bearish waves, to keep waiting for target the negative stations at $4.6600 level, and breaking this obstacle might extend the trading directly towards $4.5600.

The expected trading range for today is between $4.6600 and $4.8400

Trend forecast: Bearish