The EURJPY pair took advantage of the positive pressures caused by the positive momentum coming by the major indicators to notice surpassing 163.30 barrier and record additional gains by reaching 164.35 now.

We expect to form additional support at 163.30 and get continuous positive pressures to reinforce the chances of continuing the positivity and target 164.90 level, while surpassing this obstacle might extend trades towards 165.35 followed by reaching the next main target at 166.40.

The expected trading range for today is between 163.30 and 165.30

Trend forecast: Bullish

The GBPJPY pair confirmed regaining the bullish bias by surpassing the additional barrier 195.85 and targeting 197.25 level, to notice resuming the bullish attack this morning and settling near 198.10 to confirm its surrender to the bullish track again.

Note that it is important to consolidate above 197.25 that forms 61.8% Fibonacci correction level to reinforce the chances of reacting to stochastic positivity and attempt to surpass 198.60 level followed by targeting new positive stations by moving towards 199.30 and 199.70 levels.

The expected trading range for today is between 197.25 and 199.30

Trend forecast: Bullish

Platinum price faced new positive pressures yesterday due to stochastic approach to 80 level, to push it to form bullish wave and face 950.00$ barrier and settle below it, to confirm its continuous affect by the previously suggested negative track.

We expect to witness some sideways trades until gathering the negative momentum to assist to confirm the bearish track that might target 920.00$ and 905.00$ levels initially, while breaching the barrier and holding above it will cancel the bearish overview and open the way to achieve many gains that start at 965.00$ and 983.00$.

The expected trading range for today is between 905.00$ and 950.00$

Trend forecast: Bearish

Copper price provided some bullish waves yesterday to test the minor bearish channel’s resistance line at 4.1500$ and settle below it, confirming its affection by the previously suggested correctional bearish track.

We remind you that it is important to gather the negative momentum to assist to activate the bearish track that targets 4.000$ and 3.9300$ levels, while resuming the bullish trend requires rallying above 4.2000$ barrier and holding above it to reinforce the chances of achieving new gains that might start at 4.2000$ and 4.3300$.

The expected trading range for today is between 3.9300$ and 4.1500$

Trend forecast: Bearish