despite forming a bullish rebound during yesterday’s trading and holidng near the 184.00 level, this does not alter the previously suggested bearish outlook. The 184.85 level continues to act as a strong resistance barrier, by forming 50% Fibonacci correctional level.

The EURJPY price is expected to continue trading in a mixed manner in the near term until it gathers additional bearish momentum, while allows it to confirm breaking 183.40 then attempts to reach the next bearish targets at 182.20 and 180.80, respectively.

The expected trading range for today is between 182.85 and 184.20

Trend forecast: Bearish

The GBPJPY pair has continued to post mixed trading over the recent period due to conflicting signals from the major technical indicators, with the pair remaining in continuous fluctuation around the initial barrier at 213.50.

The current sideways movement does not pose a threat to the previously suggested corrective bearish scenario, as long as the 214.50 resistance level remains intact, waiting for fresh bearish momentum, which could push the pair below 212.80, opening the way toward negative targets at 211.80 and 211.30.

The expected trading range for today is between 211.80 and 213.70

Trend forecast: Bearish

No new for Platinum price since yesterday’s trading, keeping its negative stability near $1570.00 level, attempting to gather extra negative momentum, to ease the mission of resuming the negative trend by targeting $1515.00 level, reaching the main support at $1440.00.

Note that stochastic attempt to exit the oversold level might force the price to delay the bearish trend and providing some corrective waves by its rally towards $1640.00, however, it will not affect the main bearish scenario, depending on forming an initial resistance at $1745.00 level.

The expected trading range for today is between $1515.00 and $1630.00

Trend forecast: Bearish

Copper price confirmed its commitment to the corrective bearish trend by posting new negative closes below the $6.1000 barrier. The price renews the attempt of pressing on the moving average 55 by its fluctuating around $5.9500, in an attempt to find a chance to resume its decline and target the next support level at $5.7700.

Note that Stochastic continues to fluctuate within oversold levels will increase the negative pressures on the current trading, to reinforce the chances of reaching the previously suggested next target, while the attempt of renewing the bullish attempts requires surpassing $6.3000 level and holding above it.

The expected trading range for today is between $5.7700 and $6.0700

Trend forecast: Bearish