The EURJPY attempts to resume the bullish attack– Forecast today – 16-6-2025
Despite the continuation of the main indicators in the last period, The EURJPY pair keeps providing strong pressures on the extra barrier at 166.45 level supports the chances for resuming achieving more of the gains in the near and medium period.
The main stability within the bullish channel’s levels, depending on forming extra support at 164.75 level, so these factors make us wait for confirming breaching the current barrier to open the way towards reaching 167.25 followed by the bullish channel’s resistance at 168.90
The expected trading range for today is between 165.80 and 167.25
Trend forecast: Bullish
The GBPJPY repeats the positive closes– Forecast today – 16-6-2025
The GBPJPY pair succeeded in facing the negative pressures and confirmed its stability within the minor bullish channel’s levels, to notice its rally to 196.00 this morning, which forces it to form a temporary negative rebound by its stability near 195.50.
Confirming the importance of gathering the extra positive momentum, which allows it to confirm surpassing the barrier at 195.80, then begin recording new gains by its rally to 196.60 and 197.45.
The expected trading range for today is between 194.90 and 196.60
Trend forecast: Bullish
Platinum price gathers some gains– Forecast today – 16-6-2025
Platinum price activated the bearish correctional track in Friday’s trading after hitting the barrier at $1305.00, to gather some of the gains by reaching $1215.00 achieving the suggested initial target.
The continuation of the main indicators contradiction makes us keep preferring the correctional track, which might target $1185.00 and $1162.00 level, while renewing the bullish attempts requires providing positive closes above $1275.00 level, to increase the chances for reaching new bullish stations.
The expected trading range for today is between $1185.00 and $1260.00
Trend forecast: Bearish
Copper price awaits the positive momentum– Forecast today – 16-6-2025
Copper price ended its stability above 50% Fibonacci correction level that represents an extra support at $3.6600, increasing the chances of activating the bullish track again.
Stochastic attempt to provide positive momentum besides the moving average 55 approach from the mentioned extra support, we expect begin forming positive trading to press on $4.8900 level, then attempts to reach the next positive target near $5.0300.
The expected trading range for today is between $4.7000 and $4.8900
Trend forecast: Bullish