The EURJPY pair succeeded to form strong bullish rally to surpass 163.10 and record new gains by moving towards 163.90 and settle near it as appears on the chart.

The price stability within the bullish channel and the additional positive momentum coming by the major indicators will increase the chances of reaching new positive stations that might start at 164.25 followed by attempting to reach the next main target at 164.65.

The expected trading range for today is between 163.50 and 164.25

The expected trend for today: Bullish

The GBPJPY pair extended upwards strongly to surpass 187.40 barrier and achieve big gains to touch 188.30.

Note that stochastic attempt to exit the overbought areas might force the price to provide temporary correctional rebound, while 186.80 attempt to provide new support will assist to reinforce the chances of resuming the bullish attack in the medium term period, to attempt to reach 188.65 followed by 189.30 levels.

The expected trading range for today is between 187.70 and 186.65

The expected trend for today: Bullish

Platinum price continued to form correctional bullish waves due to stochastic continuous positive momentum signals recently, to notice touching 892.00 and approach the bearish channel’s resistance at 896.00.

The upcoming scenario depends on the strength of the mentioned resistance, to expect gathering the negative momentum and start the negative attack to move towards 855.00 initially, while rallying above the resistance and providing positive close will confirm moving to the bullish track to target 908.00 followed by reaching the MA55 at 922.00.

The expected trading range for today is between 892.00 and 860.00

The expected trend for today: Bearish

Copper price still affected by the contradiction between the major indicators, to continue postponing the negative attack and notice testing the MA55 at 3.7100 yesterday, while the frequent stability below 3.7400 barrier allows us to expect forming new negative waves, to attempt to crawl towards 3.5700 followed by reaching 50% Fibonacci correction level at 3.5000.

On the other hand, facing new positive pressures and surpassing the mentioned barrier will open the way to resume the correctional bullish attack, to expect targeting the major resistance at 3.8100 followed by monitoring the price behavior to manage to detect the next trend.

The expected trading range for today is between 3.7100 and 3.6200

The expected trend for today: Bearish