The EURJPY pair lost its positive momentum yesterday, reaching below 163.25 level, forcing it to delay the bullish rally, to settle near the moving average 55 at 161.90, forming a new extra support.

The price stability above the current support makes us expect begin forming bullish waves, to renew the attempts to breach the barrier at 163.25, which forms confirmation key for the previously suggested positivity, to target 164.20 and 164.90.

The expected trading range for today is between 161.85 and 163.25

Trend forecast: Bullish

The GBPJPY pair failed to confirm breaching the barrier at 191.55 yesterday, affected by the moving average 55 above it, which forces it to form sideways trading, to be confined between this barrier and the support level at 190.50.

Monitoring the price behavior and waiting for its rally above the barrier, to increase the efficiency of the bullish track, targeting 192.40 level, reaching the next target near 193.15, while reaching below the support will cancel the positive suggestion to force the price suffer several losses, starting at 189.70 and 188.60.

The expected trading range for today is between 190.50 and 191.55

Trend forecast: Sideways

Platinum price confirmed delaying the negative attack by forming bullish waves, to settle within the bullish channel’s levels, leaning above 50%Fibonacci correction level at $984.

The repeated stability above the bullish channel’s support at $977.00 will increase the chances for targeting the positive stations, to expect reaching $1000.00, then attempts to press on the barrier at $1017.00, while the decline below the bullish channel’s support will cancel the positive suggestion, to increase the risks of facing several losses by reaching $962.00 reaching towards $950.00.

The expected trading range for today is between $980.00 and $1000.00

Trend forecast: Bullish

Copper price continued providing sideways trading, to keep the negative stability below the barrier at $4.9100, which forms a main factor that confirms the suggested bearish scenario, note that gathering the negative momentum is important to begin targeting negative stations that are located near $4.6600 and $4.5600.

Noting that the price rally above the current barrier and holding above it, will confirm the negative attack, which provides chances for recording extra gains by its rally towards $4.9600 and $5.0400.

The expected trading range for today is between $4.6600 and $4.8400

Trend forecast: Bearish