The EURJPY pair kept its stability above the breached bullish channel’s resistance, which forms an extra support at 172.10, forming a new bullish rally and its fluctuation near 173.00 level.

Note that monitoring the price behavior after achieving the target at 173.40, due to the continuation of stochastic contradiction by its fluctuations below 80 level, and surpassing this level is important to reinforce the chances for resuming the bullish attack and reaching new positive stations that might extend to 173.85 and 174.40, while activating the bearish correctional track requires a sharp decline to settle below 172.00.

The expected trading range for today is between 172.10 and 173.85.

Trend forecast: Bullish

The GBPJPY pair continued the bullish attempts by surpassing the barrier at 198.80, forming a strong bullish rally, approaching from the main initial target at 200.35 level.

Note that the main stability within the bullish channel levels and providing positive momentum by stochastic will increase the efficiency of the bullish track, surpassing 200.35 level makes us expect targeting new positive stations that might extend to 200.85 and 201.55.

The expected trading range for today is between 199.30 and 200.85.

Trend forecast: Bullish

Platinum price provided new positive signal by its rally above the barrier at$1420.00, announcing its readiness to resume the main bullish attack by hitting $1476.90 level, to form sideways fluctuation to gather the required bullish momentum in the current trading.

Note that the bullish scenario will remain valid, depending on forming a main support at $1420.00 level, the continuation of providing positive momentum by the main indicators will increase the chances of targeting $1507.00 level, to face 2.00%Fibonacci extension level.

The expected trading range for today is between $1440.00 and $1500.00.

Trend forecast: Bullish

Despite the weakness of copper price trading, its success in holding above support level at $5.3200 reinforces the chances of renewing the bullish rally, by the attempt to provide clear pressures on the barrier at $5.5100.

We recommend waiting to breach the current barrier to open the way towards achieving several gains, which might begin at $5.6700 and $5.9700, while the decline below the support will cancel the bullish suggestion in the near trading, which forces it to suffer some losses by reaching $5.1500 and $4.9800. 

The expected trading range for today is between $5.4200 and $5.6700

Trend forecast: Bullish