The EURJPY pair ended yesterday’s trading positively, due to its repeated stability above 163.35 level, attacking the initial barrier near 163.85, which represents one of the keys to regain the bullish bias in the near and medium period trading.

The price needs a new positive momentum, assisting to reinforce the chances for forming more of the bullish waves, to begin targeting bullish stations by its rally towards 164.85 and 165.35, while the price return to fluctuate below 163.35 will force it to activate the bearish correctional track before reaching any on the suggested positive stations.

The expected trading range for today is between 163.50 and 164.85

Trend forecast: Bullish

The GBPJPY pair succeeded to surpass the negative pressures, forming a bullish wave to settle above the barrier at 194.55 level, attempting to confirm regaining the bullish bias, we should confirm that providing a new close above the breached barrier is important to reinforce the chances for forming bullish waves, to target 195.70 and 196.45.

By the above image, we notice stochastic attempt to provide positive momentum, to increase the chances for confirming the bullish scenario and begin achieving the suggested targets.

The expected trading range for today is between 194.20 and 195.70

Trend forecast: Bullish

Platinum price ended yesterday’s trading by providing a positive close above $1071.00 level, announcing its move to a new bullish station, achieving some of the gains by its stability near $1083.00.

The continuation of forming extra support at $1056.00 level and the continuation of providing positive momentum by the main indicators make us suggest a strong bullish rally, which presses on the barrier at $110.00 to target new stations that might begin at $1125.00.

The expected trading range for today is between $1075.00 and $1100.00

Trend forecast: Bullish

Copper price confirmed the stability of the bullish track, forming extra support at $4.6600 level, to form a bullish rally and settles above the barrier at$4.8100 level.

The unionism of the main indicators on providing positive momentum makes us expect to reach the obstacle at $4.8900 and surpassing it will open the way towards recording new gains that might extend to $4.9600 and $5.0300.

The expected trading range for today is between $4.7500 and $4.8900

Trend forecast: Bullish