The EURJPY pair provided a new positive close above the support at 161.90, which gets its strength from the stability of the moving average 55, to support the chances for activating the bullish attack again, so the continuation of gathering the positive momentum will allow it to reach the barrier at 163.35, and breaching it will open the way for recording big gains that might extend to 164.00 and 164.80.

While reaching below the current support and providing a negative close, will force it to form sharp bearish waves due to its return to settle within the bearish channel’s levels, to expect suffering several losses that begin at 160.90.

The expected trading range for today is between 162.00 and 163.35

Trend forecast: Bullish

The GBPJPY pair trading is weak, but the repeated stability above the moving average 55 at 192.25 and stochastic attempt to provide positive momentum, represent factors makes us keep the bullish suggestion, which might target the barrier at 194.60 initially, and surpassing it will make 195.65 be the next main target for the bullish trading.

Note that the risk of changing the bullish trend is represented by forming a strong decline, to settle below the main support at 191.30, which forces it to suffer big losses that might begin at 190.35.

The expected trading range for today is between 192.60 and 194.60

Trend forecast: Bullish

Platinum price continued forming sideways trading since yesterday, attempting to settle above $1080.00, affected by stochastic contradiction, which attempts to exit the overbought level as appears in the above image.

The price might continue forming sideways trading until gathering the required momentum, to ease the mission of recording extra gains by its rally to $1125.00, reaching the next main target near $1156.00, while facing new negative pressures will force it to delay the bullish rally, which forces it to suffer some losses by reaching $1068.00 and $1058.00 by reaching the suggested extra targets.

The expected trading range for today is between $1080.00 and $ 1125.00

Trend forecast: Bullish

Copper price failed to surpass $4.8100, which forces it to activate the attempts to gather the gains, to reach $4.7400 to gather the required extra positive momentum to confirm the bullish scenario in the current period trading.

Depending of forming extra support at $4.6600 level, to wait for renewing the bullish attempts, surpassing $4.8100 level makes us expect to reach 68.1%Fibonacci correction level at $4.8900.

The expected trading range for today is between $4.700 and $4.8100

Trend forecast: Bullish