The EURJPY pair confirmed its surrender to the dominance of the bearish corrective trend by providing new negative close below 178.00 level, forming several bearish corrective waves and reaching 176.65 to record the suggested initial target in our previous report.
The continuation of providing negative momentum by stochastic exit from the overbought level will increase the chances for confirming breaking the extra support at 177.05, which makes us prefer more of the negative attempts to target 176.30 level reaching the next target near 175.65.
The expected trading range for today is between 175.65 and 177.40
Trend forecast: Bearish
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The GBPJPY pair activated the previously suggested bearish corrective track, putting it under strong negative pressure to achieve the previously suggested stations by reaching 201.15, then retesting the extra support at 201.75.
MorePlatinum price ended the last corrective decline by testing the extra support at $1525.00, achieving the previously suggested initial corrective target, to form positive rebound and settle near $1575.00.
MoreCopper price provided slow trading by its fluctuation near $5.1000 level, to keep the postive stability that depends on the stability of the extra support level at $4.7500. to increase the chances of gathering the required positive momentum to confirm the continuation of the positivity in the upcoming trading.
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