The EURJPY pair began today’s trading positively, taking advantage by its repeated stability within the bullish channel’s levels besides forming an extra support at 169.10 level, to form a bullish rally and holding near 170.55.

Stochastic stability within the overbought level will provide a chance for achieving extra gains, reaching 171.05 followed by the next main target at 171.60.

The expected trading range for today is between 169.80 and 171.60

Trend forecast: Bullish

The GBPJPY pair forced to form some bearish correctional rebounds, in order to gather the positive momentum to reinforce the chances for resuming the bullish attack, depending on the repeated stability above the support of the bullish channel at 196.20.

By the above image, we notice the attempt of the price to surpass 61.8%Fibonacci correction level at 197.50, to reinforce the chances for achieving several gains that might extend in the current period to 198.20, then repeat the pressure on the resistance at 198.80, to find an exit for resuming the rise in the upcoming period.

The expected trading range for today is between 196.80 and 198.80

Trend forecast: Bullish

Platinum price confirmed delaying the bullish attack by its exit from the minor bullish channel’s levels, providing repeated negative pressure on the support that is represented by $1365.00 level, taking advantage of the stability of stochastic below 80 level and providing negative momentum.

Note that the bearish correctional scenario will remain valid in he current period trading, depending on forming a strong barrier at 1420.00 level, which makes us prefer targeting the correctional stations that begin at $1345.00 and $1330.00.

The expected trading range for today is between $1330.00 and $1400.00

Trend forecast: Bearish

Copper price began to form negative trading, depending on the continuation of forming a main barrier at $5.1000 level, approaching the initial correctional target near $4.9100.

The continuation of providing negative momentum by stochastic makes us expect forming a new sharp decline, to attempt to reach extra correctional stations that begin at $4.8650 and $4.8100, to confirm that the daily stability below the mentioned barrier is important to avoid any attempt for changing the current trend.

The expected trading range for today is between $4.8650 and $5.0000

Trend forecast: Bearish