The EURJPY pair ended its temporary negative fluctuation by providing new positive close above the additional support 134.70, to form major factor to confirm the continuation of positivity that might target 136.20 and 137.00 levels.
On the other hand, crawling below the current support will force the price to postpone the bullish attack and suffer intraday losses by crawling towards 133.52 before achieving any new positive target.
The expected trading range for today is between 134.80 and 137.00
The expected trend for today: Bullish
The GBPJPY pair surrendered to the stability of 163.35 barrier, to notice activating the correctional bearish track and achieve many targets by reaching 159.00.
The price might resume the negative rebound due to the negative momentum coming by stochastic, to keep waiting to test the additional support at 157.80 followed by attempting to renew the bullish rally caused by the main stability within the bullish channel.
The expected trading range for today is between 161.30 and 158.00
The expected trend for today: Bearish temporarily
Platinum price touched 955.00 level yesterday, approaching the waited target, to form additional obstacle against the correctional negative attempts, to notice its direct rebound towards 1000.00.
Note that the frequent stability below 1040.00 resistance and the continuous negative momentum coming by the major indicators allow us to suggest more negative trades in the upcoming period, to increase the chances of testing the key support 908.00 followed by monitoring its behavior due to the importance of this support to determine the next main trend.
The expected trading range for today is between 1010.00 and 910.00
The expected trend for today: Bearish
Copper price still moving slowly to keep the negative stability below 4.8100 barrier, noting that the sideways fluctuation is caused by the continuous contradiction between the major indicators, as the moving average 55 moves below the current price, while stochastic keeps providing the negative momentum.
We expect to form more sideways trades until getting the additional negative momentum to ease the mission of reaching the negative stations at 4.5000 and 4.2600.
The expected trading range for today is between 4.8100 and 4.5000
The expected trend for today: Bearish