The EURJPY pair resumed forming clear negative trades to notice crawling below the first negative target at 158.40, hinting its preparation to form new negative waves now.

The frequent stability below 160.25 barrier and getting negative momentum by the major indicators will increase the chances of targeting 157.35 support line soon, while breaking it will push the price to suffer new losses by crawling towards 156.20.

The expected trading range for today is between 157.35 and 159.20

Trend forecast: Bearish

The GBPJPY pair confirmed its surrender to the domination of the bearish bias yesterday by forming strong negative attack and approach 189.60 support line that formed the waited target in our previous report.

Note that facing continuous negative pressures will increase the chances of breaking the current support and open the way to target new negative stations that might start at 188.85 followed by reaching the key support 187.70.

The expected trading range for today is between 188.85 and 190.90

Trend forecast: Bearish

Platinum price renewed its positive attempts by rallying above 983.00$ yesterday, hinting its preparation to resume the bullish trades by touching 991.00$ level.

The continuous positive momentum coming by the major indicators will reinforce the chances of resuming the bullish track, to expect moving towards the target at 1005.00$ followed by attempting to press on the next obstacle at 1015.00$ in order to find a way to achieve new gains in the near-term and medium-term period.

The expected trading range for today is between 1015.00$ and 975.00$

Trend forecast: Bullish

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Copper price got rid of the temporary sideways track by confirming breaching 4.3300$ barrier, to form strong bullish rally and achieve some waited targets by touching 4.4700$ level.

We expect to get the positive momentum by the major indicators to form new bullish waves and attempt to press on 50% Fibonacci correction level at 4.5400$, while surpassing it will open the way to resume the positivity for the upcoming period.

The expected trading range for today is between 4.3500$ and 4.5400$

Trend forecast: Bullish