The EURJPY pair settled above the moving average 55, which forms extra support at 183.65 level, to notice its rally strongly to surpass the initial target at 184.10, announcing the continuation of the previously suggested bullish scenario.

The price might face difficulty in surpassing the barrier at 184.55 level, to expect forming intraday sideways trading, to wait for gathering positive momentum to ease the mission of resuming the rise and reaching towards 184.85 and 185.20.

The expected trading range for today is between 183.90 and 184.85

Trend forecast: Bullish

The GBPJPY pair ended yesterday’s trading by providing positive close above 212.00 level, to settle above the bullish channel’s support, confirming its readiness to form strong bullish waves in the near and medium period.

Forming extra support by the moving average 55 fluctuation near 211.40, by stochastic attempt to reach overbought level, these factors support our bullish scenario, to keep waiting for targeting212.80 level and surpassing it will form the next main target of the bullish trading at 213.45 level.

The expected trading range for today is between 211.80 and 213.45

Trend forecast: Bullish

Platinum price kept attempting to provide negative momentum by stochastic exit from 80 level, noticing the continuation of its fluctuation in sideways range near $2340.00 level, keeping its stability above $2235.00 support.

We recommend waiting to gather the bullish momentum and its rally near $2420.00 level, to confirm its readiness to resume the bullish moves and targeting new historical stations that might target $2500.00 and $2545.00.

The expected trading range for today is between $2280.00 and $2420.00

Trend forecast: Bullish

No change for copper price attempts to activate the bearish corrective scenario due to the stability below the barrier at $5.9700 in the last trading, and stochastic exit from overbought level confirms facing intraday bearish pressures, keeping our expectations of targeting $5.6500 level reaching $5.5100 support.

While the price return to settle above the barrier and providing positive close will reinforce the chances of resuming the main bullish movement by its rally towards $6.1900 directly, to face the resistance of the bullish channel’s resistance, to monitor its behavior to detect the expected trend in the upcoming trading.

The expected trading range for today is between $5.7500 and $5.9500

Trend forecast: Bearish