Since yesterday’s trading, the EURJPY pair has come under negative pressure following the decline of the Stochastic indicator toward the 20 level, prompting the pair to test the additional support level at 184.20 and stabilize above it.

It is important to note that continued negative pressure, particularly with 185.40 acting as an additional barrier, could increase the likelihood of a break below the current support. Such a move would force the pair to incur further losses, initially targeting 183.90 and then 183.55. On the other hand, if the pair succeeds in holding above 185.40, it will return to the bullish path and begin recording fresh gains, with 186.25 serving as the first upside target.

The expected trading range for today is between 183.80 and 185.20

Trend forecast: Bearish

The GBPJPY pair surrendered to strong negative pressure during yesterday’s trading, forcing it to fall below the initial support level at 213.50. This led to further losses, with the pair touching 212.35 before entering a sideways fluctuation phase and stabilizing near 213.00.

The price is expected to remain under the influence of a bearish bias, as the 214.25 level has formed a new additional barrier, while the Stochastic indicator is moving toward the 20 level. Therefore, the pair is likely to develop new bearish waves in the near term, targeting 211.80 initially and then extending toward 210.65.

The expected trading range for today is between 211.80 and 213.65

Trend forecast: Bearish

Platinum price formed several negative waves yesterday, benefiting from the alignment of the main indicators in providing negative momentum. As a result, the price has now reached the first target at $1,655.00, which has recently acted as an obstacle to further bearish movement.

The price may be forced to move sideways for a period in the short term. However, the continued presence of negative factors encourages expectations of a break below the current barrier, which would strengthen the chances of reaching additional bearish targets starting at $1,605.00 and then $1,565.00.

The expected trading range for today is between $1,605.00 and $1,745.00

Trend forecast: Bearish

Copper price remains under the influence of the bearish corrective scenario, as it continues to stabilize below the resistance level at $6.6000. Recent trading has been slow, with the price reaching the $6.2300 level.

To confirm the negative outlook for the upcoming sessions, the price needs to reach the additional support level at $6.1000. A successful break below this support would pave the way for new corrective targets, with the price expected to move toward $5.9200 and then $5.8000.

The expected trading range for today is between $6.1000 and $6.5000

Trend forecast: Bearish