The EURJPY pair opened this morning with new positive trading, to rally above 184.20 level to confirm the dominance of the bullish trend in the near and medium trading, the price needs to provide a new positive close above the breached barrier, to reinforce the chances of its rally towards the extra positive stations at 184.85 reaching 185.45.

Stochastic stability within the overbought level accompanied by the positivity of the moving average 55 provides a chance for gaining extra positive momentum to ease the mission of reaching the previously suggested positive stations.

The expected trading range for today is between 184.00 and 184.80

Trend forecast: Bullish

The GBPJPY pair provided weak sideways fluctuation, to remain near 213.00 level, the stability within the bullish channel levels makes us wait for breaching the obstacle of 213.30, to open the way for recording new gains that might extend towards 214.05 and 215.20.

The risk of changing the main trend by the attempt of breaking the bullish channel’s support at 211.60, which might force it to suffer several losses by targeting 210.60.

The expected trading range for today is between 212.45 and 214.05

Trend forecast: Bullish

Despite recent minor upward corrective movements, platinum price continues to face repeated resistance within the descending channel, with $2005.00 acting as an extension of the main resistance, which makes us keep the bearish scenario in the near and medium period trading.

Additionally, the 55-period moving average is forming an extra resistance barrier below the channel’s upper limit, providing further bearish momentum. Our negative outlook targets first $1865.00, with potential extension toward $1775.00.

The expected trading range for today is between $1980.00 and $1865.00

Trend forecast: Bearish

Copper price stayed below $5.5100, maintaining its negative stance and increasing the likelihood of forming short-term corrective downward waves. Since yesterday, the price has been fluctuating near $5.4200, affected by the ongoing divergence in key indicators, particularly the moving average 55 positioned above current trading levels.

It is important for the price to gather bearish momentum during today’s sessions, which would facilitate targeting first $5.2700, followed by the next key support near $4.9500. However, a strong push above $5.5100 with a positive close would cancel this bearish outlook and give the price a chance to start recovering, potentially moving first toward $5.6300.

The expected trading range for today is between $5.2700 and $5.5100

Trend forecast: Bearish