The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.

The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.

The expected trading range for today is between 169.20 and 170.60

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair succeeded to surpass the negative pressures and holding above the bullish channel’s support that is represented by 195.65 level, forming a strong bullish rally and achieving the initial target by hitting 198.10.

The stability of the trading above 196.45 level that forms a new extra support, we expect renewing the bullish attempts to target the barrier at 198.80, while reaching below 196.45 might assist to form a sharp decline that press on the bullish channel’s support, which forms the confirmation key for the main trend in the upcoming trading.

The expected trading range for today is between 196.50 and 198.80

Trend forecast: Bullish

Platinum price failed to confirm surpassing the barrier at $1420.00, forcing it to form a new bearish correctional rebound, testing the minor bullish channel’s support at $1370.00.

Despite the attempt of the price stability above the mentioned support, the continuation of forming strong obstacle at $1420.00 level might activate the bearish correctional track, therefore, we recommend waiting for breaking the current support, then begin gathering some of the gains by targeting 41345.00 and $1330.00.

The expected trading range for today is between $1330.00 and $1400.00

Trend forecast: Bearish

Copper price closed yesterday’s trading by providing new negative close below the barrier near $5.1000, activating with stochastic negativity and forming negative trading by reaching $5.000.

All that supports our bearish expectation, waiting to reach the negative correctional stations that begin at $4.9100 reaching extra support at $4.8100, note that the price success to breach the barrier and holding above it will cancel the negative suggestion, providing chance to target new bullish stations that might begin at $5.2300.

The expected trading range for today is between $4.9100 and $5.0500

Trend forecast: Bearish