The EURJPY pair approached the target at 184.95 in its last bullish rally, to face strong resistance that represents an extension for the broken bullish channel’s support, which forces it to end the bullish attempts and form some bearish waves, to settle near 184.10.

Note that the stability below the previously mentioned resistance will confirm the beginning of activating the negative attack, targeting negative stations near 183.60 and 183.00 makes us expect gathering negative momentum. 

The expected trading range for today is between 183.00 and 184.95

Trend forecast: Bearish

The GBPJPY pair resumed the bullish rally by surpassing the barrier at 110.65, activating with the main indicators’ positivity, forming strong bullish rally and achieving the second target by reaching 212.10, to face strong barrier then form quick negative rebound towards 211.45.

Note that the stability below 212.10 by stochastic exit from the overbought level might push the price to form new bearish waves, to target 210.65 level again, while its success by breaching 212.10 will open the way for recording extra gains that might begin at 212.60 and 213.10.

The expected trading range for today is between 210.65 and 212.85

Trend forecast: Bearish

Platinum price succeeded in confirming its readiness to regain the bullish bias by surpassing the barrier at$2245.00, achieving some of the previously suggested extra targets by reaching $2348.00 level.

The stability of the price above $2245.00 level, attempting to form extra support level, attempting to provide extra positive momentum by the main indicators support the chances of resuming the bullish trend, to expect its rally towards $2365.00 reaching the next main target near $2465.00

The expected trading range for today is between $2250.00 and $2365.00

Trend forecast: Bullish

Copper price closed yesterday’s trading by providing new pressures on $5.9700 level, to find an exit to resume the main bullish trend, to confirm surpassing the corrective vias in the current period.

Gathering bullish momentum is important to ease the mission of achieving the required breach, and providing positive close above the barrier makes us expect its rally towards $6.1200 and $6.2400.

The expected trading range for today is between $5.8000 and$6.1200

Trend forecast: Bullish