The EURJPY pair rallied higher, surpassing the barrier at 163.35, which allowed it to hit the initial main target at 164.00, then bounced directly to fluctuate near the breached barrier.

There is no change in the bullish track of the price by its main stability above the critical support at 162.00, and the continuation of the positive momentum by the main indicators will increase the chances of renewing the bullish attack, to keep waiting for targeting the next target at 164.80.

The expected trading range for today is between 162.90 and 164.40

Trend forecast: Bullish

The GBPJPY pair continued to form bullish waves by surpassing the obstacle at 194.60, approaching from its initial main target at 195.65, to form a strong barrier against it, forcing it to decline to 194.60.

Forming extra support at 194.00 level and the continuation of providing positive momentum by the main indicators, make us expect renewing the bullish attempts, to increase the chances for breaching 195.65 level, to open the way for recording new gains that might extend towards 196.45 reaching the next main target at 197.50.

The expected trading range for today is between 194.00 and 196.00

Trend forecast: Bullish

Platinum price began activating with stochastic negativity, announcing delaying the bullish rally by its stability below $1100.00 level, to settle near the extra support at $1080.00.

The continuation of facing negative pressures make us expect activating the attempts of gathering the gains, by forming bearish correctional waves, to target $1068.00 and $1058.00, while gathering the positive momentum might assist to renew the bullish attempts by surpassing the obstacle at $1100.00 to reach the next main target at $1125.00.

The expected trading range for today is between $1068.00 and $ 1100.00

Trend forecast: Bearish

Copper price began moving between Fibonacci correction levels that were measured from the price decline from $5.320 reaching to the bottom at $4.000, to notice its confinement between 50%Fibonacci correction level at $4.6600, which represents an extra barrier against the bullish attempts, while 61.8% Fibonacci correction level at $4.8100 represents a barrier against the bullish rally. 

The continuation of the price fluctuations bearishly and forming an extra strong barrier at $4.8900 level, we will return to prefer the negativity in the near trading, to expect reaching the moving average 55 at $4.5650, then attempting to press on $4.5000, while surpassing the bearish scenario requires positive closes above $4.8900 level in the near trading.

The expected trading range for today is between $4.5600 and $4.7400

Trend forecast: Bearish