The EURJPY pair formed new negative trades yesterday, affected by the stability of 160.25 barrier, to notice reaching the first negative target at 158.60.

Despite forming positive rebound, the continuous negative momentum coming by the major indicators allow us to keep the bearish overview, to increase the chances of breaking 158.60 level and target new negative stations tat start at 157.90 followed by reaching the next support at 157.30.

The expected trading range for today is between 157.90 and 159.60

Trend forecast: Bearish

The GBPJPY pair provided mixed trades yesterday to end it by consolidating near 191.20 level, keeping the negative track that depends on forming continuous solid barrier at 193.30 against the current trades.

The above chart shows stochastic exit from the overbought areas, to agree the EMA55 negativity and increase the negative pressures on the price, to keep waiting to target the negative stations near 189.70 and 188.90 levels.

The expected trading range for today is between 189.70 and 192.00

Trend forecast: Bearish

No change to platinum price bullish track as it remains consolidated within the bullish channel, depending on the stability of 970.00$ support line to confirm the previously suggested bullish scenario, reminding you that it is important to gather the positive momentum to reinforce the chances of reaching the positive stations located near 1005.00$ followed by reaching 61.8% Fibonacci correction level at 1018.00$.

We remind you that there will be a chance to postpone the bullish attack in case facing new negative pressures, which might push it to crawl below the current support and suffer some losses by crawling towards 958.00$ and 950.00$ levels before recording any new positive target.

The expected trading range for today is between 975.00$ and 1005.00$

Trend forecast: Bullish

Copper price surrendered to the negative pressures yesterday, to notice crawling towards 50% Fibonacci correction level at 4.5300$, recording the suggested target in our previous report.

Today’s scenario depends on the strength of 4.530$ level, as its stability allows us to expect renewing the bullish attempts to rally towards 4.6200$ followed by attempting to surpass 61.8% Fibonacci correction level at 4.6800$.

The expected trading range for today is between 4.5200$ and 4.6800$

Trend forecast: Bullish