The EURJPY pair took advantage of the negative factors represented by the frequent stability below 163.30 resistance line in addition to the negative momentum coming by the major indicators to notice forming sharp decline and record the previously suggested negative targets by reaching 159.75.

We assure the importance of getting new negative close below 160.15 to confirm its preparation to form more negative waves that might target 159.10 and 157.85 levels.

The expected trading range for today is between 159.10 and 161.20

Trend forecast: Bearish

The GBPJPY pair confirmed its surrender to the domination of the bearish bias by forming many negative waves and break 191.40 level, to notice achieving some waited negative targets by touching 189.90 level.

The price might face difficulty to resume the negative attack due to stochastic consolidation above 20 level, to expect providing some sideways trades until gathering the required additional negative momentum to attack 189.30 level, which breaking it will confirm targeting new negative stations that might start at 188.10 and 186.90 levels.

The expected trading range for today is between 189.30 and 191.60

Trend forecast: Bearish

Platinum price still affected by the negativity of the major indicators, to hinder the chances of forming the waited bullish rally by fluctuating near the initial support at 933.00$, while the price might form more sideways trades until gathering the additional positive momentum to ease the mission of surpassing 950.00$ followed by starting to target many positive stations by moving towards 983.00$ followed by reaching 1005.00$.

The risks of changing the main trend will appear in case the price attempted to break 920.00$, which might force it to suffer big losses before any attempt to achieve and of the suggested positive targets.

The expected trading range for today is between 930.00$ and 955.00$

Trend forecast: Bullish

Copper price succeeded to renew the bullish rally by surpassing 4.330$ barrier yesterday, recording some additional gains by settling near 4.3900$ now, expecting to get more positive momentum to continue forming bullish waves to attempt to surpass 4.4400$ and reach the next main target at 4.5300$.

Also, the consolidation of the MA55 until this moment, below the major trades confirm confining trades within the bullish track by forming additional support at 4.2000$.

The expected trading range for today is between 4.2800$ and 4.4400$

Trend forecast: Bullish