The EURJPY pair took advantage of its positive stability above 181.70 level, activating with stochastic positivity and achieving several gains by reaching 182.85.

Note that surpassing 183.20 level for today is important to confirm its move to a new bullish phase, to begin recording more gains by its rally to 183.60 reaching the next main target near 184.10.

The expected trading range for today is between 182.45 and 183.60

Trend forecast: Bullish

The GBPJPY pair closes yesterday’s trading by forming several bullish waves, to surpass the temporary sideways at 208.10 level, and achieving some gains by hitting 208.40 level requires providing new positive close above the previously breached, to confirm its readiness to form new bullish attack to target 208.70 level then attempt to press on the resistance of the bullish channel at 209.25.

Note that the failure of holding above 208.10 will turn the price to settle within the sideways trend, to expect providing mixed trading and there is a chance for retesting extra support at 206.90.

The expected trading range for today is between 207.65 and 208.70

Trend forecast: Bullish

Platinum price succeeded in forming a new bullish rally this morning, achieving the previously suggested main target by reaching $1973.00, facing a %161.8 Fibonacci extension level which forms strong barrier against bullish trading.

The stability of the trading below this barrier might activate the attempts of gathering some gains, to reach $1900.00 then attempts to test the extra support at $1860.00, while breaching the barrier and holding above it will ease the mission of recording new historical gains that might extend towards 2000.00 psychological barrier.

The expected trading range for today is between $1890.00 and $1970.00

Trend forecast: Fluctuated within the bullish track

Copper price neediness to the bullish momentum led to end the last bullish rally by hitting $5.4300 level, which forces it to form sideways trading to settle near $5.3000, keeping our bullish expectations depending on the stability of extra support at $5.1300, to confirm gathering extra bullish momentum to press on the barrier at $5.5000, surpassing it will open the way for recording extra gains by its rally towards $5.6300 and $5.7400.

While the decline below the extra support and providing negative close will confirm its surrender to the bearish corrective bias, to expect suffering several losses by reaching $4.9200 initially.

The expected trading range for today is between $5.2000 and $5.5000

Trend forecast: Bullish