Copper price repeated providing negative closes below the resistance at 2.7300 that forces it to keep forming sideways trading to be confined between the current resistance and the support level at 2.5700, therefore, the sideways suggestion will remain valid in the upcoming trading until surpassing one of the dominant levels.

Reminding you that breaching the resistance will support the continuation of the positivity, to resume recording the targets by reaching 2.8000 and 2.9500, while its decline below the support will make the price suffer from several losses by reaching 2.4200.

Expected trading range for today is between 2.5700 and 2.7300

Expected trend for today: Sideways

Platinum price achieved new positive close above the bullish channel’s support to confirm its affection by the bullish bias domination, to move away from the support at 975.00, stochastic rally above the overbought level increases the chances for gathering bullish momentum, which makes us wait until reaching the suggested targets at 1020.00 and 1050.00.

While providing negative close below the moving average 55 at 965.00 will make the price surpass the bullish track, to be forced to suffer more losses in the upcoming period that begin at 950.00 reaching to 925.00.

Expected trading range for today is between 975.00 and 1020.00

Expected trend for today: Bullish

The GBPJPY pair under strong negative pressures that forces it to decline below the initial support at 143.20, to delay the bullish overview and to suffer intraday losses by reaching 141.60, we expect the continuation of the price fluctuation in the current period until testing the support at 140.80, attempting to gather new positive momentum that leads the price to renew the bullish attack, to attempt to surpass 143.20 level.

Stochastic attempt to surpass the oversold level decreases the negative pressure on the trading, attempting to provide new positive momentum that assists the price to regain the bullish bias.

Expected trading range for today is between 140.80 and 143.20

Expected trend for today: Fluctuated within the bullish range

The EURJPY price lost its bullish momentum yesterday due to stochastic sharp decline and its stability below 50 level as appears in the above image, reminding you that the bullish scenario will remain valid if the support settled at 120.60, to wait until gathering new bullish momentum to rally bullishly towards 122.90 and 123.75.

The stability of the moving average 55 below the mentioned support confirms the price confinement within the bullish range, to increase the possibility for gathering bullish momentum to resume the waited bullish attempts.

Expected trading range for today is between 120.60 and 122.90

Expected trend for today: Bullish.