The EURJPY pair failed to resume the bullish attack, due to its stability below %1.809 Fibonacci extension level, forming an extra barrier at 175.20, providing sideways trading since yesterday by its stability near 174.85.

Reminding you that the bullish scenario will remain valid, due to the stability within the bullish channel’s levels besides the continuation of forming an initial support at 173.40 level, which makes us wait for breaching the current barrier to ease the mission of recording extra gains that might begin at 176.00 and 176.95.

The expected trading range for today is between 174.20 and 175.20

Trend forecast: Sideways until achieving the breach

No news for the GBPJPY pair, to keep providing weak sideways trading by its stability near200.10, reminding you that the continuation of providing support by the main indicators that might help it to breach the barrier at 200.45, to open the way for achieving several gains that might begin at 200.95 and 201.55.

While the risk of activating the bearish correction track again is represented by the trading reach below 198.60, and holding below it will increase the efficiency of the bearish correction, to expect targeting the support initial at 197.80.

The expected trading range for today is between 199.20 and 201.55

Trend forecast: Bullish

Platinum price continued its bullish attempts yesterday, taking advantage of providing positive momentum by the main indicators, achieving the extra targets by its rally to $1550.00, to face %2.236 Fibonacci extension level, which forms an intraday obstacle against the bullish scenario.

Stochastic attempt to exit the overbought level might force the price to provide sideways trading, but the stability above $1475.00 supports the continuation of the positivity, which might target $1583.00 resistance in the near period trading. 

The expected trading range for today is between $1515.00 and $1560.00

Trend forecast: Bullish

Copper price hit $4.8600 level, to bounce quickly to settle below the barrier at $4.7500 level, attempting to catch its breath and gaining new positive momentum to reinforce the chances of reaching extra stations.

The bullish track remains valid by the stability of the price above the moving average 55, as it forms an extra support near $4.3800, note that its success in confirming the breach will allow it to reach 44.9500 followed by $5.3100 on a near-term basis.

The expected trading range for today is between $4.5500 and $4.9500

Trend forecast: Bullish