The EURJPY pair succeeded in resisting the negative pressures by its repeated stability above the moving average 55 at 161.40, forming an extra support to notice its rally towards the main barrier at 163.25.

Noting that waiting to breach the current barrier and providing a close above it is important to confirm regaining the bullish scenario, to increase the chances for recording several gains that might begin at 164.10 and 164.80.

The expected trading range for today is between 162.00 and 164.10

Trend forecast: Bullish

The GBPJPY pair took advantage of the support stability at 190.50, to begin today’s trading with a strong positivity, to surpass the extra barrier at 191.55 and settle above the moving average 55, to increase the chances for renewing the bullish attempts.

Stochastic attempt to provide extra positive momentum makes us prefer targeting 192.55 level, and surpassing it might extend the gains in the current period to 193.15 and 193.90.

The expected trading range for today is between 191.55 and 193.15

Trend forecast: Bullish

Platinum price provided a new negative close below the barrier at $983.00 level, announcing its surrender to the suggested bearish scenario, by reaching below the moving average 55 and its stability near $956.00, recording the initial suggested negative targets.

Providing negative momentum by stochastic will increase the chances for attacking obstacle at $950.00, and breaking it is important for opening the way towards the extra stations that might begin at $938.00 and $929.00.

The expected trading range for today is between $938.00 and $975.00

Trend forecast: Bearish

Copper price activated the negative attack, achieving some of the negative targets by hitting $4.4560, to bounce to settle near the moving average 55 at the $4.5600 level, attempting to gather more of the negative momentum in the current period trading.

Forming extra barrier at 50% Fibonacci correction level at $4.6600, increasing the chances for resuming the negative scenario, to repeat the pressure on $4.4500 level, and breaking it might extend the losses towards $4.3100, to form the next main target for the negative trading.

The expected trading range for today is between $4.3100 and $4.6100

Trend forecast: Bearish