The EURJPY pair succeeded in surpassing the resistance near 173.25, announcing its readiness to resume the bullish attack by hitting 173.90 level, and forming some sideways trading to gather positive momentum again.

Confirming the importance of the stability above the breached resistance, reinforcing the chances for reaching the extra targets that are located near 174.25 reaching 1.809%Fibonacci extension level at 175.20, forming the next main target for the near and medium trading.

The expected trading range for today is between 173.20 and 174.20

Trend forecast: Bullish

The GBPJPY pair continued facing stochastic negativity in the last trading by providing repeated positive closes above the support of the minor bullish channel at 198.10, reinforcing the chances for gathering the positive momentum, and activating the bullish attempts to target 199.25 level, then wait for reaching the next main target at 200.35.

Noting that the price decline below the current support will force it to form some of the bearish correctional trading by reaching 197.50, reaching the main support at 196.56.

The expected trading range for today is between 198.25 and 200.35

Trend forecast: Bullish

Platinum price ended the correctional trading by testing the extra support at $1381.00, forming a confirmation key for the continuation of the positive continuation, attacking the barrier at $1420.000 level, to find an exit for resuming the bullish attempts.

Stochastic begins to provide positive momentum by its repeated stability above 20 level, which makes us wait for breaching the current barrier and holding above it, to ease the mission of targeting $1458.00 level, and surpassing it will provide a chance for achieving new gains that might extend to $1480.00 and $1507.00.

The expected trading range for today is between $1390.00 and $1458.00

Trend forecast: Bullish

Copper price continued providing positive close in the last period by its stability above the support at $5.3200, to notice achieving big gains by its rally in Friday to $5.8900, then attempt to gather some of the gains by forming temporary correctional rebound and its fluctuation near $5.7100.

Forming extra support at $5.500 level makes us expect gathering the required positive momentum, reinforcing the efficiency of the bullish scenario until reaching Fibonacci extension level at $5.9750, then attempts to press on the bullish channel’s resistance at $6.0700.

The expected trading range for today is between $5.6200 and $5.9750

Trend forecast: Bullish