The EURJPY pair formed correctional bullish rally yesterday, covering some losses by touching 159.95 followed by forming temporary negative rebound in order to gather the required additional positive momentum to record additional gains on the near-term and medium-term basis.

We assure the importance of settling above the major support 157.40, noting that the MA55 fluctuation near 158.00 will reinforce the chances of activating the bullish track again, to expect moving towards 160.25 level soon, while surpassing it will push the price to 161.65 as a next main target.

The expected trading range for today is between 158.35 and 160.25

Trend forecast: Bullish

The GBPJPY pair touched the first correctional target at 190.25 and formed quick negative rebound to test the additional support at 188.70 and settle above it.

We remind you that the contradiction between the major indicators might force the price to provide mixed sideways trades, while the frequent stability above the first major support at 187.15 allows us to keep the bullish overview, waiting to renew the pressure on 190.25 to surpass it and target 191.80 as a next main station.

The expected trading range for today is between 188.70 and 190.25

Trend forecast: Bullish

Platinum price returned to form new bullish trades, taking advantage of the MA55 consolidation above 954.00$ support line, to notice rallying towards 988.00$ and settle again 50% Fibonacci correction level again.

The price might provide some sideways fluctuation due to the contradiction between stochastic negativity against the mentioned positive stability, to keep waiting to gather the positive momentum soon to ease the mission of recording additional gains by rallying towards 1015.00$ followed by reaching 1042.00$ on the medium-term basis.

The expected trading range for today is between 980.00$ and 1015.00$

Trend forecast: Bullish

Copper price was affected by many positive factors that pushed it to postpone the negative trades by providing strong pressures on 4.3200$ resistance line, noting that settling above 2.2600$ will confirm forming the double bottom pattern, to push it to breach the resistance and start targeting positive stations that might extend towards 4.4100$ and 4.5200$.

These factors, along with the continuous positive momentum coming by the major indicators allow us to start suggesting the bullish trades until reaching the suggested targets.

The expected trading range for today is between 4.2700$ and 4.4100$

Trend forecast: Bullish