The EURJPY pair kept its stability below 157.35 barrier yesterday, to notice forming many negative waves to achieve some negative targets this morning by reaching 154.78 level followed by bouncing above the additional support line 155.25 again.

The price needs new negative momentum to manage to confirm breaking the current support to open the way to target more negative stations, to expect moving towards 153.90 as a next main target, followed by reaching the bearish channel’s support line around 153.45.

The expected trading range for today is between 154.00 and 156.45

Trend forecast: Bearish

The GBPJPY pair touched 187.68 level this morning, achieving some previously waited negative targets, followed by waiting to form quick correctional rebound to settle near 188.70.

The current rebound won’t form any effect on the bearish scenario due to the consolidation within the bearish channel, in addition to 189.80 level forming strong additional barrier, thus, we will keep waiting to renew the negative attempts to expect moving towards 187.10 soon.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bearish

Platinum price resumed the negative attempts, surpassing the first target at 950.00$, confirming its preparation to provide more negative attempts on the near-term and medium-term basis.

Also, the EMA50 forms additional barrier now at 960.00$, and stochastic provides the negative momentum, to increase the chances of attacking 941.00$ level, while breaking it might extend losses towards 920.00$ on the near-term basis.

The expected trading range for today is between 941.00$ and 960.00$

Trend forecast: Bearish

Copper price started today by providing new negative close below 50% Fibonacci correction level at 4.5400$, confirming its surrender to the previously suggested bareish scenario to repeat its fluctuation near 4.4900$ level.

We expect to get more negative momentum by stochastic to start targeting the negative stations, located near 4.4100$ and 4.3200$ now.

The expected trading range for today is between 4.4100$ and 4.5600$

Trend forecast: Bearish