The EURJPY resists the negative pressures– Forecast today – 29-8-2025
AI Summary
- EURJPY pair is resisting negative pressures and fluctuating near 171.70
- Stochastic momentum may help target initial goal at 172.45 and potentially reach 173.40
- Expected trading range for the day is between 171.20 and 173.40 with a bullish trend forecasted
The EURJPY pair forced to provide more of the sideways trading by its fluctuation near 171.70, attempting to surpass stochastic negativity, to keep the chances for renewing the bullish attempts that depend on the stability of the extra support at 170.45.
Stochastic attempts to provide the positive momentum to ease the mission of targeting the initial target at 172.45, to attempt to press on the barrier near 173.40 to find an exit to record extra gains in the upcoming period trading.
The expected trading range for today is between 171.20 and 173.40.
Trend forecast: Bullish
The GBPJPY repeats the sideways fluctuation– Forecast today – 29-8-2025
Despite the stability of the GBPJPY pair above the extra support at 197.85, but the contradiction between the main indicators pushed it to provide new sideways trading to settle near 198.50.
Gathering the positive momentum is important to reduce the chances of its decline below the current support, to begin forming bullish waves to target the barrier at 200.40 and surpassing it will make it reach the main targets near 200.80 and 201.55.
The expected trading range for today is between 198.00 and 200.40
Trend forecast: Bullish
Platinum price is waiting to confirm the breach– Forecast today – 29-8-2025
Platinum price recorded some of yesterday’s gains by hitting $1362.00 level, but its neediness for positive momentum pushed it to decline below $1355.00 barrier, to reach $1342.00, to face the moving average 55.
The contradiction between the main indicators might force the price to provide intraday mixed trading, to keep waiting for gathering the positive momentum to confirm breaching the barrier and reaching the positive targets near $1383.00 and $1398.00.
The expected trading range for today is between $1340.00 and $1383.00
Trend forecast: Bullish
Copper price attempts to activates the bullish track– Forecast today – 29-8-2025
Copper price provided positive closes above the moving average 55, to move away from the extra support at $4.2600, noticing the attempt to form bullish waves by its fluctuation near $4.4800.
Note that gathering positive momentum is important to reinforce the chances for reaching the initial target at $4.6200, attempting to press on the barrier near $4.7500 to find an exit to confirm the continuation of the upcoming trading’s positivity.
The expected trading range for today is between $4.3800 and $4.6200
Trend forecast: Bullish