The EURJPY pair resumed the bearish corrective attack in Friday’s trading, hitting some of the previously suggested targets, to form quick positive rebound to settle near 176.50, keeping the main bullish scenario that depends on the stability within the bullish channel’s levels that appears in the above image.

Note that the continuation of the contradiction between the main indicators that might force the price to provide more of the sideways trading, to keep waiting for breaching 177.05 to confirm its readiness to form new bullish attack by targeting the top at 177.80.

The expected trading range for today is between 175.90 and 177.05

Trend forecast: Fluctuated within the bullish trend

The GBPJPY pair activated negatively with the economic data on Friday to resume the bearish correction, to target 201.70 support, then bouncing positively to settle above %161.8 Fibonacci extension level at 202.40 to reinforce the chances of forming new bullish waves, to attempt to reach 203.40 then press on the barrier at 203.85.

While facing new bearish pressure and reaching below 201.70 support confirms its move to a new negative station, which forces it to suffer more losses by reaching 201.20 followed by the extra support at 200.45.

The expected trading range for today is between 202.40 and 203.85

Trend forecast: Bullish

Platinum price provided mixed trading on Friday due to the contradiction between the main indicators, targeting 1583.00 level, then attempts to form bullish wave confirming the continuation of the suggested bullish scenario.

Reminding you that holding above $1525.00 support confirms the price surrender to the bullish bias dominance, to expect gathering positive momentum, to form new bullish rally and press on the barrier at $1690.00, and surpassing it will make the price record extra gains that might begin at $1745.00.

The expected trading range for today is between $1580.00 and $1690.00

Trend forecast: Bullish

Copper price forced to form clear corrective trading after reaching the target at $5.2000, affected by the stability of stochastic below 80 level, reaching $4.7500 support to settle above it.

The continuation of the stability above the current support makes us wait for gathering positive momentum, to expect its rally towards $5.0600, then repeating the pressure on $5.2000 level, while breaking the current support and holding below it might force it suffer extra losses by reaching $4.6100 before any attempt to renew the bullish attempts.

The expected trading range for today is between $4.8000 and $5.2000

Trend forecast: Bullish