The EURJPY pair received bullish momentum yesterday by stochastic stability above level 50, leaning above the support level of the sideways trend at 184.20, to begin forming bullish waves, to settle near 185.55.

Waiting for breaching 185.85 and holding above it is important to confirm its surrender to the bullish trend, to begin targeting several positive stations by its rally gradually towards 186.20 and 186.65.

The expected trading range for today is between 184.90 and 186.20

Trend forecast: Bullish

The GBPJPY pair kept its positive stability above the extra support level near 216.40, activating with stochastic positivity by forming some bullish wave and its stability near 217.45.

Providing bullish momentum by the main indicators will increase the chances of surpassing the barrier of 217.75, to open the way towards new positive stations that might begin at 218.30 and 218.55, while the failure of the breach might force the price to begin bearish corrective trend, to attack 216.40 support initially, where breaking it will open the way for reaching extra negative stations that begin at 216.00 and 215.45.

The expected trading range for today is between 216.90 and 218.30

Trend forecast: Bullish

Platinum price kept its negative stability below the initial barrier at $1690.00, keeping the suggested bearish trend, to reach $1630.00.

Gathering negative momentum is important to help the price form new bearish waves, to target $1570.00 level initially, reaching the support near $1510.00.

The expected trading range for today is between $1570.00 and $1650.00

Trend forecast: Bearish

Copper price ended yesterday’s trading by forming bullish waves, to settle near the initial barrier at $6.3000 level, affected by the positivity of the main indicators, specifically by stochastic reach to 80 level as appears in the above image.

The suggested scenario depends on the upcoming four hours’ close, the stability below the barrier will reinforce the chances of forming bearish corrective trading, to target $6.1200 reaching $5.9500, while breaching the barrier and holding above it will provide a chance for recording some extra gains by its rally towards $6.4800.

The expected trading range for today is between $6.1200 and $6.3800

Trend forecast: Bearish