The EURJPY pair surrendered to the frequent negative pressures to notice forming strong negative wave and crawl below the major support 128.10, suffering additional losses by touching 127.48.
Facing continuous negative pressures will force the price to resume the negative attack, to expect targeting new negative stations that might extend towards 127.20 followed by 126.80 levels.
The expected trading range for today is between 128.70 and 127.20
The expected trend for today: Bearish
The GBPJPY pair continued to form negative trades recently, to notice breaking the bullish channel’s support line at 152.10 and confirm moving to the bearish track to record 150.70 level.
These factors confirm the continuation of the negativity, in addition to stochastic negative momentum signals, thus, we will keep suggesting the negative trades that might target 149.75 followed by 147.70 levels.
The expected trading range for today is between 152.25 and 150.00
The expected trend for today: Bearish
Platinum price ended its recent negative attack by facing 950.00 support line, to form solid obstacle against the negative attempts and force it to form new sideways fluctuation by settling near 970.00.
Note that the continuous negative momentum coming by the major indicators and 1010.00 level forming additional barrier allow us to keep our negative overview, reminding you that succeeding to break the current support will allow the price to continue the decline until reaching 916.00 initially.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Sideways
Copper price faced new negative pressures, which pushed it to crawl below the moving average 55, confirming postponing the bullish attack and increasing the chances of forming correctional negative trades for now.
Note that the stability of the additional barrier at 4.4000 and the continuous negative momentum coming by stochastic support the negativity of the current trades, to expect suffering additional losses that might extend towards 4.1600.
The expected trading range for today is between 4.4000 and 4.1600
The expected trend for today: Bearish temporarily