The EURJPY pair renewed the bullish attempts by leaning above the support at 162.10, to reach the obstacle at 163.35, achieving the initial waited target.

Stochastic attempt to exit the oversold level will increase the chances for gaining extra positive momentum that makes us wait for achieving the mentioned breach, to confirm its readiness to record extra gains that might extend towards 163.90 reaching towards 164.80 in the near period.

The expected trading range for today is between 162.40 and 163.90

Trend forecast: Bullish

The GBPJPY pair continued resisting the negative pressures that come from stochastic reach to 20 level, to achieve the initial target at 194.20, which forces it to decline again towards 193.45 due to its continuous neediness to the positive momentum.

Reminding you that the bullish scenario remains valid, depending on the stability of the main support near 191.50, the stability of the moving average 55 below the current trading might provide a chance for gaining positive momentum, to keep our bullish expectations which targets 194.60 level, and surpassing this obstacle will extend the trading directly to the next target at 195.30.

The expected trading range for today is between 192.90 and 194.60

Trend forecast: Bullish

Platinum price neediness to the negative momentum led to form some of the bullish waves by its stability above $983.00, approaching from the resistance at $1005.00, note that the continuation of providing positive momentum by the main indicators will confirm delaying the negative attack, to increase the chances of the trading rally towards 61.8%Fibonacci correction level, which forms the dividing line between confirming the main trend in the upcoming trading.

Therefore, we expect the continuation of the price’s fluctuation within tight range, to keep waiting for its decline below $983.00, which allows it activate the negative attack and reach towards the negative stations near $966.00 and $950.00.

The expected trading range for today is between $983.00 and $1010.00

Trend forecast: Fluctuated 

Copper price returned to provide weak sideways trading by its stability near $4.5800 level, attempting to gather extra negative momentum to confirm the dominance suggested bearish trend scenario, the main stability below the resistance at $4.9100 level, besides the continuation of forming extra barrier at $4.6600 level, these factors make us keep the bearish suggestion, to wait for reaching below $4.5000 level, to ease the mission for reaching the negative targets near $4.4300 and $4.3100.

The expected trading range for today is between $4.4500 and $4.6100

Trend forecast: Bearish