The EURJPY pair formed strong bullish rally, taking advantage of the positive factors that are represented by its stability above the extra support at 177.05 besides the main indicators attempt to provide positive momentum, to notice recording the initial target by reaching 178.80.
No escape from renewing the bullish attempts, to attempt to breach 178.80 level and hold above to open the way for recording extra gains that might extend towards 179.35 reaching 180.00, forming temporary psychological barrier against the bullish trading.
The expected trading range for today is between 177.70 and 179.35
Trend forecast: Bullish
The GBPJPY pair took advantage of its repeated stability above 200.45 support, to activate yesterday’s suggested bullish attack and recording the initial targets by hitting 203.25 level.
The current sideways fluctuation will not threaten the bullish scenario by the stability of the mentioned support, note that stochastic attempt to provide positive momentum will increase the chances of surpassing 203.25 level, to target 203.95 reaching 204.70 level.
The expected trading range for today is between 202.00 and 203.95
Trend forecast: Bullish
Platinum price began providing positive signals by its attempt to rally above the initial barrier at $1605.00, increasing the chances of forming strong bullish trading in the current period, to expect targeting $1660.00 level reaching the next barrier at $1695.00.
The risk of changing the main trend and confirming the negative scenario by reaching below $1525.00 and providing several negative closes, to expect suffering big losses that might begin at $1470.00 and $1440.00.
The expected trading range for today is between $1570.00 and $1695.00
Trend forecast: Bullish
Copper price attempted to activate the bullish trend, to end it after reaching the barrier at$5.2000, which forces it to decline correctively to settle near$5.0400.
We expect providing mixed trading, but its main stability within the bullish channel’s levels by forming extra support at $4.7500 level will increase the chances of gathering positive momentum, to repeat the attempts to achieve extra gains that might extend to $5.3200 and $5.5000.
The expected trading range for today is between $4.9200 and $5.2200
Trend forecast fluctuated within the bullish track
