The EURJPY pair recorded extra gains by hitting 165.20 level, but its rebound below the resistance at 164.90 decelerates the chances for resuming the bullish attack.

Providing intraday negative trading due to stochastic exit from the overbought level, which forces it to suffer intraday losses by targeting 163.80 and 163.25 level, while the price success to confirm breaching the resistance will allow it to form strong bullish waves, to wait for targeting 165.45 and 165.85.

The expected trading range for today is between 163.80 and 164.90

Trend forecast: Sideways

The GBPJPY pair succeeded in resuming the bullish attack in yesterday’s trading by surpassing the barrier near 194.60, to notice forming a strong bullish attack, to approach from the initial extra target at 196.60.

We will depend on forming extra support at 194.60 level to increase the chances for the price activation with the positivity of the main indicators, to form a new bullish rally that targets 197.35 level reaching to 198.10 in the near period trading.

The expected trading range for today is between 194.80 and 197.00

Trend forecast: Bullish

Platinum price forced to provide slow sideways trading, due to the continuation of the main indicators’ contradiction, to keep its fluctuation near the $991.00 level, while the continuation of forming sold barrier at $1005.00 level will increase the chances for activating the negative track, to attack the moving average 55 at $965.00, then press on the support at $950.00.

While regaining the bullish bias requires forming a strong bullish rally, to surpass 61.8% Fibonacci correction level at to confirm its readiness to record new gains that begin at $1027.00, to confirm its readiness to record new gains that begin at $ 1027.00 and $1040.00.

The expected trading range for today is between $965.00 and $ 1000.00

Trend forecast: Bearish

Copper price repeated forming sideways range trading, due to its continuous neediness to the negative momentum, contradicting with the repeated negative stability below $4.9200.

Forming an extra barrier by 50% Fibonacci correction level at $4.6600 makes us keep the negative suggestion until gathering the negative momentum, which allows it confirm breaking $4.5000 level, and reaching the negative targets near $4.4500 and $4.3100. 

The expected trading range for today is between $4.4500 and$4.6600

Trend forecast: Bearish