The EURJPY pair trades extended bullishly yesterday to press on the additional resistance at 163.25, achieving the first target suggested in our previous report.

We expect to form additional support at 161.80 to agree the continuous positive momentum coming by the major indicators and motivate the price to breach the current resistance and record new gains that might extend towards 164.00 followed by 164.85 levels.

The expected trading range for today is between 162.20 and 164.00

Trend forecast: Bullish

The GBPJPY pair succeeded to confirm the bullish scenario yesterday by settling above 191.80 additional support, to notice forming strong bullish rally and achieve the first target at 192.90.

Stochastic continuous positive momentum will ease the mission of resuming the bullish attempts, to target 193.65 followed by reaching 194.20 resistance line, to face the MA55.

The expected trading range for today is between 192.50 and 193.65

Trend forecast: Bullish

Platinum price failed to activate the bullish attack yesterday, affected by the MA55 that keeps forming additional barrier by settling near 955.00$, to notice forming some negative trades by fluctuating near 945.00$.

We expect to witness instability due to the continuous contradiction between the major indicators until achieving the required breach to manage to record new gains by rallying towards 983.00$ and 1005.00$ levels, noting that it is important to hold above 920.00$ support line to avoid any losses that might appear due to changing the bullish track.

The expected trading range for today is between 935.00$ and 955.00$

Trend forecast: Sideways

Copper price still lacks the positive momentum, to notice recent consolidation below 4.3300$ obstacle, to form some negative waves by settling near the MA55 now.

Note that stochastic reach to the oversold areas confirms the beginning of getting rid of the negative pressures, also, the stability above 4.1500$ support line allows us to wait to gather the positive momentum to ease the mission of surpassing the obstacle and reach the positive targets near 4.4400$ and 4.5300$.

The expected trading range for today is between 4.2000$ and 4.3300$

Trend forecast: Bullish