The EURJPY pair continued forming positive trading, taking advantage of the stability above the extra support at 175.25, noticing its approach from the initial positive target at 177.05.

The continuation of providing positive momentum by the main indicators makes us expect breaching 177.05 level, and holding above it will ease the mission of recording extra gains by its rally towards the top at 177.85 reaching extra target near 178.60.

The expected trading range for today is between 176.25 and 177.85

Trend forecast: Bullish

The GBPJPY pair ended yesterday’s trading by providing new positive close above the support level at 201.70, to notice its rally to the upside directly to settle near 203.35, confirming its readiness to resume the previously expected bullish trend.

The continuation of providing positive momentum by the main indicators makes us expect to attack the barrier at 203.95 and surpassing it will open the way for recording extra gains that might begin at 204.60 reaching the next main target near 205.25.

The expected trading range for today is between 202.45 and 203.95

Trend forecast: Bullish

Platinum price ended the bearish corrective attack by targeting $1490.00 level, to form strong bullish rebound by its rally towards $1633.00, attempting to reduce the effect of the intraday bearish pressure on the current period.

We couldn’t confirm activating the positive track until providing new positive close above$1605.00 to ease the mission of targeting some positive stations that are located near $1665.00 and $1695.00, while the decline below $1605.00 will force the price to form new bearish waves, attempting to reach $1525.00.

The expected trading range for today is between $1570.00 and $1665.00

Trend forecast: Fluctuated within the bullish track.

Copper price confirmed its surrender in its current period trading to the dominance of the sideways bias, affected by the stability of the barrier near $5.0600, which forces it to delay the attempts of resuming the main bullish attack, to notice its fluctuation near $4.9500 level.

Note that the stochastic contradiction with the main stability within the bullish channel’s levels and attempting to providing negative momentum that might force the price to form some corrective trading, to target the extra support at $4.7500, by breaking this support might force it to suffer extra losses by reaching $4.5800 and $4.4100.

The expected trading range for today is between $4.7500 and $5.0600

Trend forecast: Fluctuated within the bullish track