There is no change in the downward trajectory of EURJPY price, as it continues to maintain repeated negative stability below the barrier at 185.50, which also represents the 66.8% Fibonacci retracement level. Recently, the pair has formed additional bearish waves, settling around 184.30.

We emphasize the importance of gathering further bearish momentum, which would support the resumption of the downward move, targeting 183.50. A break below this level could extend trading directly toward 182.80, and then the next support level at 182.00.

The expected trading range for today is between 183.50 and 184.80

Trend forecast: Bearish

The price of GBPJPY ended yesterday’s trading session by posting a new negative close below the initial barrier located at 213.50, with the pair now beginning to form some downward waves, settling around 212.80.

The divergence in key indicators with the prevailing bearish stability may lead to mixed trading until additional downside momentum is built up to achieve bearish targets currently located at 212.35 and 211.80 respectively.

On the other hand, regaining bullish momentum would require a strong upward push, with the price stabilizing above the 66.8% Fibonacci retracement level at 214.50.

The expected trading range for today is between 212.30 and 213.50

Trend forecast: Bearish

The price of platinum yesterday succumbed to repeated negative pressures, breaking the stable support level at $1950.00, signaling its readiness to resume the corrective decline by currently settling near the first additional target at $1910.00.

The stochastic indicator is observed to be positioned in the oversold area, which further increases bearish pressure on today’s trading, raising the chances of targeting additional downside levels as the price is drawn toward $1865.00. A break below this level could extend losses toward $1820.00 and $1780.00 respectively.

On the other hand, a break above the stable barrier near $2080.00 would cancel the negative outlook and open the door for a renewed upward move in the upcoming sessions.

The expected trading range for today is between $1865.00 and $1950.00

Trend forecast: Bearish

Copper price surrendered to the bearish corrective scenario due to its stability below $6.3800 level, forming extra barrier to put new pressure on initial support at $6.1000.

The continuation of providing negative momentum might help it to break the current support, to expect targeting extra corrective stations that might begin at $5.9500 and $5.8000, while the rally above the barrier will open the way for recording several gains by its rally towards $6.5400 reaching $6.7300.

The expected trading range for today is between $5.9500 and $6.2300

Trend forecast: Bearish