The EURJPY pair began receiving positive momentum, taking advantage of stochastic stability above 50 level currently, approaching from the initial main target at 164.85, forming an important obstacle against the bullish attempts.

We recommend waiting to breach the obstacle and providing a positive close, to confirm its readiness to resume the bullish attack, to expect forming extra target at 165.70 level reaching 166.45 in the near period trading.

The expected trading range for today is between 163.80 and 165.70

Trend forecast: Bullish

The GBPJPY pair renewed the bullish attempts by its rally above 194.55 level, attempting to confirm the suggested bullish scenario, achieving some gains by hitting 195.30 level.

Note that the beginning of providing positive momentum will reinforce the chances for forming strong bullish waves, to expect attacking 195.70 level, and surpassing it will make it target new bullish stations, by reaching 61.8%Fibonacci correction level at 197.35, while the decline below 194.00 will force it to delay the rise and provide mixed trading again.

The expected trading range for today is between 194.45 and 195.70

Trend forecast: Bullish

Platinum price confirmed its move to a new bullish station by surpassing the obstacle at $110.00, achieving big gains by reaching 1171.00, we expect to form extra support against the current trading, which increases the chances of achieving extra gains that might extend to $1183.00 reaching the main target near 1220.00.

Note that the stability of stochastic with the overbought level might force the price to form some sideways trading until gathering extra positive momentum to confirm reaching the suggested extra targets.

The expected trading range for today is between $1145.00 and $1183.00

Trend forecast: Bullish

Copper price formed temporary negative rebound after reaching $5.01000 level and recording the waited targets, to fluctuate near 38.1%Fiboancci correctional level at $4.8900.

The current negative rebound won’t represent any threat to the chances of resuming the bullish attack, as there are several bullish factors such as forming a new support at $4.8000 level, to provide the positive momentum for the main indicators, therefore, we will keep waiting for renewing the bullish attempts to target $5.0300 level reaching $5.1000 level.

The expected trading range for today is between $4.8500 and $5.030

Trend forecast: Bullish