The EURJPY pair began this morning trading with strong positivity due to its stability above 184.10 support level, recording some gains by reaching 185.05, announcing its readiness to resume the bullish attempts in the near period.
The price needs a new positive momentum to help it renew the pressure on 184.45 level, to extend the trading towards %66.8 Fibonacci correction level at 185.85, while the price return to settle below 184.10 will cancel the bullish scenario, forcing it to provide new negative trading, to suffer more losses by reaching 183.50 initially.
The expected trading range for today is between 184.60 and 185.85
Trend forecast: Bullish
The GBPJPY pair settles above the support level at 214.50 in the last trading, opening its trading with new positivity, recording 215.95 level.
The attempt of the main indicators to provide positive momentum will provide a chance for recording more gains in the near period, to expect reaching 216.55, and surpassing this barrier will extend the trading towards the next main target near 217.55.
The expected trading range for today is between 215.10 and 216.55
Trend forecast: Bullish
Platinum prices forced to delay the negative trading due to the continuation of providing positive momentum by stochastic, fluctuating above the minor bearish channel’s resistance, to settle near $1640.00.
The price might manage to record some gains by its rally towards $1695.00, however it will not change the main bearish scenario due to its stability below $1745.00 barrier, while the decline below $1600.00 will force it to provide sharp negative trading, to target $1570.00 level reaching the next negative target near $1510.00.
The expected trading range for today is between $1600.00 and $1690.00
Trend forecast: Fluctuating within the bearish trend
Copper price remains stable until this moment below $6.3000 barrier, however the sideways fluctuation has been caused by the contradiction of the main indicators, which forces it to provide a new sideways fluctuation by their stability near $6.1500.
The price needs a new negative momentum to reinforce the chances of surpassing $6.1000 support, to confirm its readiness to resume the corrective attempts by reaching $5.8200 followed by the next support at $5.7100.
The expected trading range for today is between $5.9500 and $6.2300
Trend forecast: Bearish