The EURJPY pair began with strong bullish trading this morning by its rally above 177.05 level, indicating the continuation of the main bullish trend scenario, to record 177.75 level.

Note that surpassing the barrier at 178.00, to open the way towards recording new gains that might begin 178.65 and 179.35, while the price return to settle below 177.05 will cancel the positive suggestion, which forces it to form new corrective waves to target 176.30 and 175.65.

The expected trading range for today is between 177.10 and 178.65

Trend forecast: Bullish

The GBPJPY pair approached the target near 200.45 in yesterday's trading, which forms an important support level to push it to form bullish rebound by hitting 202.10 level, to indicate regaining the bullish trend.

The price needs a new bullish momentum that allows it to provide new bullish close above 201.70 level, reinforcing the chances of targeting positive stations that are located near 202.55 and 203.25, while declining and holding below 200.45 will force it to suffer extra losses, to expect targeting 199.20 level initially.

The expected trading range for today is between 200.80 and 202.55

Trend forecast: Bullish by the stability of 200.45

Platinum price didn’t move anything in yesterday’s trading, due to the repeated confinement between the extra support at $1525.00, while $1605.00 level keeps forming a barrier against the attempts of activating the previously suggested bullish trend.

Providing more of the sideways trading until breaching the current barrier and holding above it, to confirm its readiness to record some gains by its rally towards $1665.00 and $1695.00, while breaking the support and holding below it will force the price to suffer new losses towards $1470.00 reaching the next support near $1440.00.

The expected trading range for today is between $1530.00 and $1605.00

Trend forecast: Sideways 

Copper price touched $5.2300 level, then bounces to settle below $5.2000 level, which forces it to provide new sideways fluctuated moves near $5.1300 level.

The price needs a new bullish momentum, to confirm breaching the current obstacle, to rally towards the next target at $5.3200, while the failure to breach might force the price to provide bearish corrective trading, which forces it to suffer some losses by reaching $4.9500 followed by the extra support at $4.7500.

The expected trading range for today is between $5.0500 and $5.3200

Trend forecast: Bullish