No change for the EURJPY pair’s track until this moment, due to its positive stability above 180.80 support level, recording some gains by reaching 183.10.
Gathering bullish momentum is important for resuming the bullish trend, which might target %50 Fibonacci correction level initially, and surpassing it will reinforce the chances of its rally towards 184.05, to face %61.8 Fibonacci correction level.
The expected trading range for today is between 181.80 and 184.05
Trend forecast: Bullish
The GBPJPY pair couldn’t confirm the trend in Friday’s trading due to its fluctuation between the sideways range levels that are represented by 209.15 barrier, while 208.20 level keeps forming strong extra support against the current trading.
We recommend the neutrality and waiting to confirm surpassing one of these levels to detect the main trend, reminding you that confirming breaching the barrier will open the way for recording several gains that might begin at 210.65 and 211.70, while breaking the stability and holding below it will push the price to suffer several losses, reaching 207.05 initially.
The expected trading range for today is between 208.20 and 209.15
Trend forecast: Neutral
Platinum price took advantage by the positive factors that are represented by providing bullish momentum by the main indicators, besides forming extra support level at $2020.00, forming new bullish waves to settle near $2190.00.
We expect reaching $2245.00 barrier soon, and surpassing it will confirm its move to a new positive station, to reinforce the chances of recording extra gains that might begin at $2315.00 and $2425.00, while the failure to breach will reinforce the dominance of the sideways bias in the near-period, and there is chance to activate the bearish corrective track.
The expected trading range for today is between $2110.00 and $2245.00
Trend forecast: Bullish
Copper price succeeded in settling above $5.5100 support, to get rid of stochastic negativity by forming some bullish waves and achieving $5.8150 level.
Surpassing the $5.9700 barrier is important to open the way for activating the bullish trend again, opening the way for recording several gains by its rally towards $6.1200, to press on $6.2400 resistance.
The expected trading range for today is between $5.7200 and $5.9700
Trend forecast: Bullish