EURJPY Price Analysis

Expected Scenario

• The EURJPY pair ended the recent positive rally by facing key resistance at 170.80, to provide sideways fluctuation despite its consolidation within the main bullish channel that appears on the chart.
• Note that the stability of the current resistance might force the price to form some correctional negative waves to target 170.25 support line, while succeeding to surpass the resistance and holding above it will ease the mission of recording the additional gains near 171.20 and 171.65.

Expected Trading Range

Between 170.30 and 170.80

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair recorded new historical target by touching 200.70 followed by forming temporary sideways fluctuation, attempting to take breath and gather the additional positive momentum in order to reinforce the chances of resuming the rise on the near-term and medium-term basis.
• We continue to assure the importance of the stability above the initial support 199.10 to reinforce the efficiency of the bullish track, waiting to reach the additional stations near 201.25 followed by 202.00.

Expected Trading Range

Between 200.10 and 201.25

Platinum Price Analysis

Expected Scenario

• The Platinum price formed new bullish wave yesterday to move away from the first major support at 1015.00$, to notice achieving some gains by rallying towards 1065.00$ and confirm its surrender to the domination of the previously suggested bullish bias.
• Also, the major indicators continue to provide the positive momentum, to increase the chances of attacking 1085.00$ that forms the first main target of the bullish track, noting that it is important to monitor the price behavior after reaching this resistance to manage to detect the next expected targets.

Expected Trading Range

Between 1050.00$ support and 1085.00$ resistance.

Copper Price Analysis

Expected Scenario

• The Copper price repeated the positive closings above the major support at 4.7500$, forming some bullish waves that target surpassing the intraday obstacle at 4.8600$.
• We assure the importance of gathering the positive momentum to ease the mission of reaching the main stations near 5.0200$ and 5.1500$, while breaking the current support and holding below it will cancel the positive overview to start suggesting the negative track again, to expect suffering big losses that might start at 4.5200$ followed by reaching 4.3100$.

Expected Trading Range

Between 4.7200$ support and 5.000$ resistance.