Copper price hinted postponing the bullish attack by crawling below the moving average 55 recently, to break the additional support at 2.6400, also, stochastic provides new negative momentum by reaching the oversold areas to increase the chances of targeting temporary negative targets by moving towards 2.6050 and 2.5600 levels.
The expected trading range for today is between 2.6550 and 2.6050
The expected trend for today: Bearish
The EURJPY pair formed strong negative wave yesterday to press on 120.00 level that represents the main door to regain the bearish bias again, while confirming the negativity urges us to wait to get negative close below the current obstacle followed by waiting to start recording many negative targets by reaching 119.10 followed by 118.40 levels.
Note that stochastic continuous fluctuation around 20 level will increase the chances of gathering negative momentum today to ease the mission of achieving the required break.
The expected trading range for today is between 120.50 and 119.10
The expected trend for today: Bearish
The GBPJPY pair continued to provide sideways trading around 140.25 level, while its main stability within the bullish channel and stochastic beginning of providing new positive momentum by rallying above 50 level will increase the chances of forming bullish rally to attempt to breach 141.50 barrier and open the way to record new targets that might start at 143.85.
The expected trading range for today is between 139.25 and 141.50
The expected trend for today: Bullish