The EURJPY pair approached the additional support at 161.60 followed by forming temporary positive rebound towards 162.45, attempting to gather the additional negative momentum to confirm the previously suggested correctional bearish scenario.

We remind you that it is important to hold below 163.25 barrier to increase the efficiency of the negative track, to expect attacking 161.60 level, while breaking it will extend the negative trades towards the additional stations at 160.95 and 160.10.

The expected trading range for today is between 161.00 and 162.90

Trend forecast: Bearish

The GBPJPY pair failed to resume the correctional bearish attack, affected by 193.90 level forming additional support, to notice rallying towards 195.60 barrier again and settling below it, also, the contradiction between the major indicators confirms surrendering to the domination of the sideways bias to keep its consolidation within the mentioned main levels.

In general, the continuous stability below 195.60 allows us to keep the correctional bearish attack, to expect attacking 193.90 level again, while achieving the required break will reinforce the chances of targeting the additional negative stations by moving towards 193.15 and 192.50 levels.

The expected trading range for today is between 193.90 and 195.60

Trend forecast: Bearish

Platinum price still keeping the bullish track due to the frequent stability above the additional support 983.00$, to notice forming temporary sideways fluctuation near 1005.00$ due to the lack of the positive momentum.

Succeeding to gather the positive momentum allows us to expect forming new bullish rally, to attack 1015.00$ barrier first, assuring the importance of breaching it to resume achieving additional gains that might extend towards 1032.00$ followed by reaching 1045.00$ on the medium term basis.

The expected trading range for today is between 988.00$ and 1025.00$

Trend forecast: Bullish

Copper price succeeded to test 2.2600$ support line yesterday followed by starting to form bullish rally to surpass the MA55, noticing its stability near 4.3500$ now.

Also, stochastic begins to provide the positive momentum to reinforce the chances of attacking 4.4500$ barrier, which breaching it will open the way to target new positive stability that might start at 4.5300$ and 4.6900$ levels.

The expected trading range for today is between 4.3000$ and 4.4500$

Trend forecast: Bullish