The EURJPY pair faced sudden positive pressures yesterday after stochastic exit from the oversold areas, to force it to form bullish wave and fluctuate above the bullish channel’s support line at 142.45, followed by testing the additional barrier by reaching 144.00.

Note that the stability of the mentioned barrier might force the price to renew the negative attempts in order to exit the bullish track again and resume the negative trades by crawling below 142.40 and reach 141.50 as a first negative target for the bearish track, while surpassing the barrier will provide chances to achieve some gains by moving towards 145.10.

The expected trading range for today is between 144.00 and 142.70

The expected trend for today: Bearish

The GBPJPY pair formed new bullish wave yesterday to decrease the previous losses by renewing the pressure on 166.80, reminding you that the continuous fluctuation below this barrier will force the price to renew the correctional negative trades that might target 165.40 followed by 164.50 levels.

On the other hand, breaching the barrier and holding above it will confirm regaining the bullish bias, to start forming strong positive waves in order to reach 168.00 and 169.10.

The expected trading range for today is between 166.80 and 165.40

The expected trend for today: Bearish

Platinum price still lacks the positive momentum until this moment, to notice its fluctuation negatively below 1040.00 to confirm postponing the bullish rally for now, expecting to form mixed sideways trades, being aware that it is important to hold above 965.00 support to increase the chances of renewing the bullish attempts in the upcoming period.

We remind you that succeeding to surpass 1040.00 and holding above it will open the way to target many positive stations, to expect targeting 1070.00 initially followed by extending trades towards 1105.00 direct.

The expected trading range for today is between 990.00 and 1040.00

The expected trend for today: Bullish

No change to copper price bullish track despite providing correctional bearish wave yesterday, due to the frequent stability within the bullish track that depends on the stability of the major support 3.5000.

Also, 3.7000 level continues to form additional support, and the major indicators provide continuous positive momentum, allowing us to keep the bullish overview until breaching 3.8500 to manage to achieve more gains that start at 4.0500 and 4.1800.

The expected trading range for today is between 3.7000 and 4.0500

The expected trend for today: Bullish