The EURJPY pair remains affected by the dominance of the sideways bias, due to the contradiction between the main indicators, keeping their stability within the sideways track that is represented by 179.40 support, while 181.75 keeps forming strong barrier against bullish attempts.
The main stability within the bullish channel’s levels makes us wait to gather bullish momentum, motivating the bullish attempts by its rally towards 181.35, to attempt to breach the barrier to begin recording new gains by reaching 182.35 and 183.10.
The expected trading range for today is between 180.20 and 181.70
Trend forecast: Fluctuating
The GBPJPY pair renewed the bullish attempts by attacking the barrier near 206.90 to find an exit to confirm the continuation of the positivity in the near and medium period that depends on the stability within the bullish channel’s levels, besides forming extra support at 206.30 level against the current trading.
Therefore, we recommend waiting to confirm the required breach to confirm its readiness to confirm its readiness to record new gains by its rally towards 207.65 initially, then attempting to reach 2.386% Fibonacci extension level at 208.20.
The expected trading range for today is between 206.45 and 208.20
Trend forecast: Bullish
Platinum price ended the last trading by providing new positive close above the extra support at $1605.00, to confirm the stability of the suggested bullish scenario, to notice its rally towards $1658.00.
Gathering bullish momentum is important in the current period, by surpassing the barrier at $1695.00, opening the way for recording extra gains that might extend towards $1715 and $1745.00
The expected trading range for today is between $1620.00 and $1695.00
Trend forecast: Bullish
Copper price confirmed the stability of the bullish scenario by its attempt to settle above $5.3200 level, reinforcing the chances of recording new gains in the near sessions, the continuation of providing positive momentum by stochastic will ease the mission of reaching the next target at $5.5000, monitoring it as it formed extra barrier as appear in the above image.
Reaching below $5.3200 and providing negative close might force it to provide corrective trading, which forces it to decline towards $5.1500 before reaching the previously waited target.
The expected trading range for today is between $5.2500 and $5.5000
Trend forecast: Bullish