The EURJPY pair started to get the additional positive momentum by stochastic rally above 50 level, to reinforce the domination of the previously expected bullish bias, noticing its fluctuation near 129.40 level, also, the stability of the additional support at 128.65 forms major factor to reinforce the bullish track, to keep waiting to attack 129.90 barrier, while surpassing it will push the price to target new levels that might start at 130.40 and 130.90.
The expected trading range for today is between 128.90 and 129.90
The expected trend for today: Bullish
No news for the GBPJPY pair that keeps fluctuating below 154.50 barrier that forms the major factor to confirm the domination of the correctional bearish bias, thus, we will keep waiting to gather the additional negative momentum to ease the mission of achieving the correctional targets around 152.80 and 152.00.
The expected trading range for today is between 154.50 and 152.80
The expected trend for today: Bearish
Platinum price started to provide correctional bullish trades, attempting to take a breath and decrease the recent losses by moving away from 950.00 support line, while the current trades might extend towards 1010.00 followed by attempting to renew the negative trades in order to renew the pressure on the mentioned support.
On the other hand, getting a positive close above 1010.00 level will confirm surrendering to the domination of the correctional bullish bias, to expect moving towards 1040.00 and face the moving average 55.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
Copper price kept its positive stability above 4.4000 level to manage to record some positive targets by reaching 4.4500 recently, agreeing our bullish overview and approaching the first target at 4.5200.
Note that stochastic continues positive momentum and the moving average 55 fluctuation below the mentioned support allow us to keep the bullish overview, reminding you that surpassing 4.5200 level will allow the price to renew the pressure on 4.6700 resistance to form the second main target of the bullish bias.
The expected trading range for today is between 4.4200 and 4.5200
The expected trend for today: Bullish