The EURJPY pair leaned clearly above the extra support at 170.45, activating with the main indicators, achieving some gains by its fluctuation above the intraday barrier at 171.90.

Noting that the stability of the trading above 171.90 level is important, to reinforce the chances for resuming the bullish attack, to expect the extension of the trading towards 172.65, then targeting the bullish channel’s resistance at 173.80, while the return below 171.90 will force it to form new bearish correctional trading before resuming the suggested targets.

The expected trading range for today is between 171.45 and 172.65

Trend forecast: Bullish

The GBPJPY pair took advantage of the positive pressures that come from providing positive momentum by the main indicators, surpassing the barrier at 195.70 and achieving clear gains by reaching 197.15.

We expect the continuation of suffering positive pressures, breaching 61.8%Fibonacci correction level at 197.45, opening the way for recording extra gains that might extend to 198.25 and 198.80, while the failure of breaching it will force it to provide mixed trading and there is a chance for retesting 195.70 level.

The expected trading range for today is between 196.20 and 197.90

Trend forecast: Bullish

Platinum price remains affected by the dominance of the bearish correctional bias, due to the new negative close below the barrier at $1342.00, forcing it to delay the bullish attack and attempting to resume gathering the gains, to keep waiting for reaching $1290.00 followed by the extra support at $1255.00.

While the price success to breach the barrier and holding above it, which makes us begin preferring the bullish attempts that might help it to surpass the moving average 55 at $1358.00, then wait for hitting the initial positive target near $1410.00.

The expected trading range for today is between $1290.00 and $1330.00

Trend forecast: Bearish

Copper price didn’t move any thing until this moment, announcing its surrender to the dominance of the sideways bias temporarily until ending the contradiction between the main indicators, reminding you that the bullish scenario will remain valid, depending on the stability of the bullish channel’s support at $4.0500, besides the continuation of forming extra support at $4.2600 level, reducing the chances for suffering any extra losses.

While the price success in gaining the positive momentum will provide chance to begin achieving some gains, to expect its rally to $4.6300 initially, attempting to step above 100%Fibonacci correction extension level at $4.7500, to open the way for recording more of the gains in the upcoming period trading.

The expected trading range for today is between $4.2600 and $4.6300

Trend forecast: Bullish