The EURJPY pair remains affected by the dominance of sideways movement due to the continued conflict between the main indicators. The pair continues to fluctuate within the temporary sideways range, with resistance holding at the 185.50 level, while the stability of support at 184.20 is preventing the activation of a bearish corrective move.

Based on the above, we will maintain a neutral stance until the price surpasses one of the key levels. It is worth noting that a successful break below the current support and stability beneath it would open the way toward several corrective targets, which may begin at 183.55 and then 182.85.

The expected trading range for today is between 184.20 and 185.50

Trend forecast: Neutral

The GBPJPY pair maintained its negative stability below the barrier represented by the 214.50 level up to this moment, confirming its adherence to the previously suggested bearish corrective scenario. The pair is currently slipping lower, trading near the 213.90 level.

We emphasize the importance of the price gathering additional negative momentum, which would enable it to break the 213.50 level and open the way toward new corrective targets that may extend soon toward 212.80 and 211.80 respectively. However, a breakout above the barrier and holding above it would revive the chances of recording some gains, pushing the price toward the resistance level near 215.50.

The expected trading range for today is between 211.80 and 214.30

Trend forecast: Bearish

Platinum price remains affected by recurring negative pressures, represented by its overall stability below the main resistance level currently extending toward $1,940.00. In addition, the $1,865.00 level is forming another strong barrier, forcing the price to renew its bearish attempts, with the price currently positioned near the $1,645.00 level.

The availability of negative momentum will increase the chances of the price attacking the support level at $1,605.00 soon. A break below this level would strengthen the chances of resuming the bearish move, targeting $1,565.00 and then $1,490.00 respectively.

The expected trading range for today is between $1,565.00 and $1,700.00

Trend forecast: Bearish

Copper price continues to hold to the bearish corrective scenario, posting some downward corrective trades and settling near the $6.2400 level. We reiterate the importance of the price gathering additional negative momentum, which would strengthen the chances of attacking the support level at $6.1000 soon. A break below this level would open the way toward further corrective targets, starting at $5.9200 and then $5.8000.

On the other hand, the possibility of a renewed bullish move remains valid if the price succeeds in breaking above the $6.6000 level and maintaining stability above it. This would pave the way toward notable positive targets, beginning at $6.7300 and then $7.0000.

The expected trading range for today is between $6.1000 and $6.4200

Trend forecast: Bearish