The EURJPY pair succeeded to provide new closings below 158.85 support line, to decrease the effect of the negative pressures caused by the positive momentum provided by the major indicators, to notice the attempt to form bullish wave by settling near 159.70.

We assure the importance of gathering the positive momentum to reinforce the chances of activating the bullish track by surpassing 160.00 level followed by starting to target the positive stations near 160.80 and 161.65.

The expected trading range for today is between 159.00 and 160.80

Trend forecast: Bullish

Despite facing strong negative pressures yesterday, the GBPJPY pair stability above the additional support line at 188.50 forms major factor to reinforce the domination of the previously suggested bullish bias, to notice rallying towards 189.70 now.

We assure the importance of providing positive close above 189.70 level to open the way to form strong bullish waves and target 190.65 followed by reaching 192.00 levels, while declining below 188.50 and providing negative close below it will push the price to back to the negative track to suffer big losses that might start at 187.10.

The expected trading range for today is between 188.50 and 190.65

Trend forecast: Bullish

Platinum price faced some negative pressures yesterday due to stochastic stability below 80 level, to force it to postpone the bullish rally and provide some sideways trades to keep its stability above the additional support at 950.00$.

We assure the importance of gathering the positive momentum again to assist to activate the bullish track that might target 972.00$ and 983.00$ levels initially, while declining below the additional support will reinforce the domination of the correctional bearish bias to expect suffering new losses by moving towards 938.00$ first.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bullish

No news for copper price that continues to provide sideways trades within the bullish channel due to the continuous contradiction between the major indicators, to notice its consolidation near 4.6100$ now.

We will keep our bullish overview that depends on the stability of the additional support line at 4.5400$ to manage to form bullish waves and target 4.6800$ level, followed by reaching 4.8100$ barrier, while breaking the additional support and holding below it will force the price to activate the correctional decline to target the bullish channel’s support line at 4.4150$.

The expected trading range for today is between 4.5500$ and 4.6800$

Trend forecast: Bullish