Despite the stability of the EURJPY pair since yesterday’s trading below the resistance of the bullish channel at 169.85, we notice forming sideways fluctuated moves near 168.30, attempting to face stochastic negativity, to shrink the chances for activating the bearish correctional track in the current period.

Depending on forming extra support at 167.60 level, providing a chance for gathering the positive momentum, then begin forming bullish waves to target 168.90 level, reaching the previously mentioned resistance.

The expected trading range for today is between 167.80 and 169.00

Trend forecast: Bullish

The GBPJPY pair has forced yesterday to provide some sideways trading by its fluctuations near 197.40, attempting to gather the extra positive momentum to reinforce the chances for resuming the suggested bullish attack.

The repeated stability above the bullish channel’s support at 195.55 and the unionism of the main indicators to provide positive momentum that confirms the continuation of the positivity in the upcoming trading, therefore, we will keep waiting for surpassing the barrier at 197.70, to ease the mission of reaching the extra targets near 198.80 and 199.55.

The expected trading range for today is between 197.20 and 198.80

Trend forecast: Bullish

Despite the weakness of Platinum price last trading, its repeated stability within the bullish track that depends on forming an extra support at $1225.00 level makes us keep the bullish suggestion in the near period trading, to keep waiting for gathering the positive momentum to ease the mission of breaching $1333.00 level, to attempt to reach the next main target near $1365.00.

By the above image, we notice stochastic rally above 50 level, moving with our bullish scenario by providing the required positive momentum to reach the mentioned targets.

The expected trading range for today is between $1290.00 and $1365.00

Trend forecast: Bullish

Copper price failed to breach the $4,8900 level, which represents an extra obstacle against the attempts to resume the bullish attack, forcing it to provide sideways fluctuation near $4.8600, attempting to gather the required positive momentum.

Therefore, we will keep waiting for achieving the required breach, to open the way towards recording more of the gains that begin at $5.0300 and $5.1300, while the failure to breach might increase the chances of forming a temporary negative rebound, to expect targeting $4.7500 level before any attempt to achieve any of the suggested bullish targets. 

The expected trading range for today is between $4.8200 and $4.9000

Trend forecast: Sideways until achieving the breach