The EURJPY pair renewed the positive action yesterday to notice reaching 161.72 level and test the key resistance and settles below it, while the upcoming scenario depends on the strength of the current resistance, as settling below it will push the price to start forming bearish waves, to suffer many losses that might start at 160.90 and 160.15.

On the other hand, facing new positive pressures and rallying above the resistance line will confirm regaining the main bullish bias by settling withing the bullish channel again, allowing us to target new positive stations that might extend towards 162.30.

The expected trading range for today is between 161.75 and 160.90

The expected trend for today: Bearish

The GBPJPY pair didn’t move yesterday, to provide sideways fluctuation near 185.30, attempting to face stochastic negativity, reminding you that the bullish trend depends on the stability of the additional support at 184.25, allowing us to wait to gather the additional positive momentum to ease the mission of reaching the positive stations at 185.95, while surpassing this obstacle will push the price to 186.75 as a next main target.

On the other hand, declining below 184.25 and providing negative close below it will activate the correctional bearish track, to expect suffering some losses by moving towards 183.60 and 182.90 before reaching any new positive target.

The expected trading range for today is between 184.65 and 185.95

The expected trend for today: Bullish

Platinum price took advantage of the frequent negative stability within the bearish channel in addition to the negative momentum coming by the major indicators to notice resuming the previously suggested decline and touch 865.00 level.

We expect to target 61.8% Fibonacci correction level at 855.00, while breaking it will open the way to reach the additional negative stations that might start at 825.00 and 790.00.

The expected trading range for today is between 880.00 and 850.00

The expected trend for today: Bearish

Copper price started to activate the negative track by moving near the first negative target at 3.6100 yesterday and settling near it, noting that the continuous negative momentum coming by the major indicators and the stability of the MA55 near the additional barrier 3.7250 confirm the continuation of the negativity, to keep waiting to attack 3.5000 obstacle, while breaking it might extend losses towards 3.3700 in the medium term period.

The expected trading range for today is between 3.6500 and 3.5000

The expected trend for today: Bearish