Despite the weakness of the EURJPY pair’s trading, its repeated fluctuation near 165.00 level, and its stability within the bullish channel’s levels form a main factor to confirm the continuation of the suggested positive trading.

We expect to provide extra support at 164.10 level, besides the continuation of providing positive momentum by the main indicators will reinforce the chances for achieving extra gains, to keep waiting to reach 165.70 reaching the next target at 166.45 level.

The expected trading range for today is between 164.50 and 165.70

Trend forecast: Bullish

Despite forming some negative trading in GBPJPY pair this morning and its stability near 194.90, but its stability within the bullish channel’s levels that appear in the above image, which assists confirming the continuation of the positivity, depending on the stability of the support at 193.75.

We expect forming sideways trading until gathering the positive momentum, reinforcing the chances for its stability above 195.65 level, to begin targeting new bullish stations by its rally towards 196.30 reaching 197.35.

The expected trading range for today is between 194.50 and 196.30

Trend forecast: Bullish

Platinum price succeeded to resume the bullish attack yesterday, reaching the last target at $1223.00, facing 2.610% Fibonacci extending level, forming a significant resistance against detecting the main trend in the upcoming trading.

The stability below this resistance and stochastic exit from the overbought level, we expect forming some bearish correctional wave that might target $1180. 00 level reaching extra support at $1162.00, while breaching the resistance and holding above it will reinforce the chances for achieving extra gains that might extend to $1240.00 reaching the main bullish channel’s resistance at $1255.00.

The expected trading range for today is between $1185.00 and $1225.00

Trend forecast: Bearish

No news for copper price by it continues fluctuation below the extra barrier at $4.8900, which obstacles the chances for resuming the bullish attack, to expect the domination of the sideways track in the near period, and there is a chance for forming some correctional waves, to reach $4.7500 reaching 50%Fibonacci correctional level at $4.6600.

While the price success to confirm breaching the mentioned barrier will reinforce the chances for renewing the bullish attempts, to expect reaching $5.0300 reaching the next barrier at $5.1000.

The expected trading range for today is between $4.7500 and $4.8900

Trend forecast: Fluctuated