The EURJPY price shows more of the bearish bias moves to reach the thresholds of the initial waited targets at 129.25, and we expect the continuation of the negative pressure to test the most important support at 128.80.
The moving average 55 supports the expected decline, which will remain valid unless the price rallied to breach 130.85 level and held above it.
The expected trading range for today is between 128.50 and 130.00
The expected trend for today: Bearish
The GBPJPY pair couldn’t settle for lone time above the breached resistance, to be traded with clear negativity and head towards achieving more of the expected decline in the upcoming sessions, targeting 149.85 level mainly.
Therefore, the bearish bias will be preferred unless breaching 151.95 and holding above it.
The expected trading range for today is between 150.30 and 152.00
The expected trend for today: Bearish
Platinum price achieved a strong break to 949.00 level and settled below it, to head towards making more of the bearish correctional moves in the upcoming period, where the next targets reach 900.00 then 860.00.
The bearish channel supports the expected decline, which will remain valid conditioned by holding below 949.00.
The expected trading range for today is between 900.00 and 950.00
The expected trend for today: Bearish
Copper price ended yesterday’s trading below 4.3000 level, to head towards a potential bearish correction in the upcoming period, and we expect heading to 4.1500 then 40685 as initial targets.
Therefore, the bearish bias will be expected for today unless breaching 4.3150 and holding above it.
The expected trading range for today is between 4.1500 and 4.3200
The expected trend for today: Bearish