The EURJPY pair ended yesterday by providing new negative close below the MA55 at 162.50, to confirm keeping the previously suggested negative scenario and notice crawling towards 161.10.

Facing continuous negative pressures will increase the chances of attacking 160.20 level, while breaking this obstacle will push the price to target additional negative stations that might extend towards 159.10 followed by 157.85 levels on the medium-term basis.

The expected trading range for today is between 160.20 and 162.00

Trend forecast: Bearish

The GBPJPY pair faced 191.80 level yesterday to form new barrier against the correctional bullish attempts, to notice forming strong negative wave since morning to settle near 190.70 level.

We expect to renew the negative attempts to renew the pressure on 189.30 support line, while breaking it will confirm moving to new negative level by targeting 188.10 followed by 186.70 levels.

The expected trading range for today is between 189.30 and 191.80

Trend forecast: Bearish

Platinum price started to get the positive momentum after stochastic exit from the oversold areas, forming some bullish waves to approach 955.00$ obstacle, assuring the importance of surpassing this obstacle to open the way to record many gains by rallying towards 983.00$ level first, followed by reaching 1005.00$ on the near-term basis.

The risks of changing the bullish trend will appear in case the price formed sharp decline to settle below 920.00$ level, to return to fluctuate within the minor bearish channel that appears on the chart.

The expected trading range for today is between 930.00$ and 965.00$

Trend forecast: Bullish

Copper price continued to provide temporary negative trades due to the lack of the positive momentum, as stochastic declined below 20 level recently to force the price to settle near 4.2600$ level.

The sideways trades might continue for now, while the MA55 continuous consolidation near 4.2000$ allows us to wait to gather the positive momentum again, to reinforce the chances of renewing the bullish trades by surpassing 4.3300$ level first followed by attempting to reach the next main target at 4.5300$.

The expected trading range for today is between 4.2500$ and 4.5300$

Trend forecast: Bullish