The EURJPY pair didn’t move any thing since yesterday’s trading, to keep fluctuating below the barrier at 169.85 due to its neediness to the positive momentum, but the main stability within the bullish channel’s levels and the continuation of forming extra support at 168.05 level, these factors make us keep the bullish suggestion to keep waiting for gathering extra positive momentum, to ease the mission of breaching the barrier and reaching the next main target near 170.65.

Note that the decline below the mentioned extra support will force it to activate the bearish correctional track, which forces it to suffer several losses by reaching 167.55 followed by the next support at 166.40 level.

The expected trading range for today is between 168.70 and 170.55

Trend forecast: Bullish

The GBPJPY pair is under strong bearish pressure, which forces it to resume the bearish correctional attack, facing the support of the bullish channel’s support at 195.35, to settle above it to stop the negative bleeding in the current period, to rally towards 195.95.

Note that surpassing 196.45 level is important to confirm its readiness to renew the bullish attempts, to expect attacking the extra barrier at 197.45, while the continuation of the negative pressure and breaking the current support will force it to suffer new losses, to wait for reaching 194.20, then attempts to press on the EMA50 that is located near 193.55.

The expected trading range for today is between 195.55 and 197.45

Trend forecast: Bullish

Platinum price activated the bullish rally by surpassing the extra barrier at $1366.00 reaching $1433.00, then bounces below2.618%Fibonacci extended level at $1420.00 forming bearish correctional waves.

The stability of the price within the bullish channel’s levels, accompanied by the continuation of forming strong extra support at $1330.00 level reinforces the dominance of the bullish track, to wait for breaching $1420.00 level, opening the way for reaching new bullish stations that might extend to $1458.00 reaching $1507 in the upcoming period trading.

The expected trading range for today is between $1375.00 and $1458.00

Trend forecast: Bullish

Copper price moved in tight range yesterday, renewing the pressure on the barrier near $5.1000, which decelerates the chances of resuming the main bullish attack and achieving more of the positive gains.

Note that the neediness of the positive momentum until now will assist activating the bearish correctional track, to expect the decline towards $4.9700 and $4.9100, while breaching the barrier and providing a positive close above it will reinforce the chances for recording extra gains that might begin at $5.2300 reaching the top at $5.2350 level.

The expected trading range for today is between $4.9700 and $5.1000

Trend forecast: Bearish