The EURJPY pair didn’t succeed in reaching the extra positive stations, affected by its neediness to the positive momentum, which forces it to settle below the barrier at 175.20, forming correctional waves by its stability near 174.65.

We expect providing mixed trading due to stochastic attempt to exit the overbought level, but it didn’t affect the main bullish trend, due to the stability of the trading within the bullish channel levels, by forming 173.45 level as an important extra support, therefore, we recommend waiting for breaching the barrier, to open the way for reaching extra positive stations, that are located near 176.00 reaching 176.95.

The expected trading range for today is between 174.20 and 175.20

Trend forecast: Sideways 

The GBPJPY pair continued to provide slow sideways trading due to its fluctuation near the barrier at 200.45, forming a strong barrier against the attempts of activating the suggested bullish track.

While the unionism of providing positive momentum by the main indicators, the stability of stochastic stability above 50 level makes us wait for achieving the required breach, to open the way for reaching extra positive stations at 101.55 reaching 161.8%Fibonacci correction level near 202.40.

The expected trading range for today is between 199.20 and 201.55

Trend forecast: Bullish

Platinum price began today’s trading with strong bullish action, taking advantage of its stability above $1524.00 level, recording new gains by surpassing $1595.00 resistance and its stability near $1620.00.

Note that the price success in holding above $1595.00, and its stability within the bullish channel levels will increase the chances for resuming the bullish attack, to expect reaching $1642.00 reaching the next main target at $1690.00.

The expected trading range for today is between $1590.00 and $1642.00

Trend forecast: Bullish

Copper price began today’s trading with positive action, attempting to renew the pressure on the barrier at $4.7500, to find an exit for resuming the main bullish attack, to expect targeting $4.9500 level reaching the main target at $5.3100.

Note that the continuation of forming extra support by the moving average 55 stability near $4.3700, besides stochastic attempt to provide bullish momentum, these factors support the bullish suggestion, to keep waiting for achieving the suggested targets.

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

Trend forecast: Bullish