The EURJPY pair succeeded to form new minor bullish channel to reinforce the domination of the bullish scenario by settling above 158.55 support line, also, stochastic exit from the oversold areas will provide the price with new positive momentum to manage to renew the attempts to surpass 160.40 obstacle followed by starting to target new positive stations that start at 160.85 and 161.45.

On the other hand, declining below the bullish channel’s support line and providing negative close will force it to postpone the bullish attack, to expect activating the correctional bearish track to suffer many losses by moving towards 158.00 followed by reaching the additional support at 157.05.

The expected trading range for today is between 158.75 and 159.65

The expected trend for today: Bullish

The GBPJPY pair formed temporary negative rebound on last Friday towards 174.75, to approach the initial support affected by stochastic negativity caused by exiting the overbought areas.

These factors won’t affect the previously suggested bullish track due to the frequent stability above the initial support at 184.30, in addition to the continuous positive momentum provided by the MA55 by settling below the current trades, thus, we will keep our bullish overview to expect renewing the attempts to surpass 186.20 obstacle and open the way to reach the main positive stations at 187.05 and 188.00.

The expected trading range for today is between 184.60 and 186.25

The expected trend for today: Bullish

Platinum price succeeded to provide new positive close above the major support 900.00, attempting to reinforce the chances of renewing the bullish attempts, to notice its fluctuation near 916.00 now, assuring the importance of gathering the positive momentum again to ease the mission of surpassing the MA55 at 932.00 followed by pressing on 950.00 barrier to form the first main target of the bullish track.

We remind you that declining below the mentioned support and closing negatively below it will confirm surrendering to the domination of the bearish bias by settling within the bearish channel, to increase the chances of suffering big losses that might start at 885.00 and 855.00.

The expected trading range for today is between 905.00 and 950.00

The expected trend for today: Bullish

Copper price continued to fluctuate near the initial support 3.7300 due to the lack of the positive momentum, confirming postponing the bullish rally, also, the stability below 38.2% Fibonacci correction level at 3.8500 confirms surrendering to the correctional negative trades, which might increase the chances of breaking the current support and target some negative stations by moving towards 3.6500 followed by reaching the main support at 3.5700.

These factors along with the continuous stability of 3.8500 as a new barrier allow us to expect renewing the negative attempts in order to reach the previously mentioned negative stations before forming any bullish rally now.

The expected trading range for today is between 3.8000 and 3.6500

The expected trend for today: Bearish