The EURJPY pair continued to form the bullish rally by surpassing 160.00 level yesterday, to confirm its surrender to the previously suggested bullish scenario and notice its consolidation above the MA55 and achieve new gains by touching 161.28 level.

We will depend on 160.00 level forming additional support line, assuring the importance of gaining the additional positive momentum to reinforce the efficiency of the bullish track by targeting 161.65 level soon, while surpassing it might extend trades towards 162.65 resistance line.

The expected trading range for today is between 160.00 and 161.65

Trend forecast: Bullish

The GBPJPY pair confirmed moving to the bullish track by settling above 190.30 support line frequently, to notice forming new bullish waves and touching the first additional target at 192.55.

Stochastic reach to the overbought areas might force the price to form some sideways trades, waiting to gather the required additional positive momentum to reach 50% Fibonacci correction level at 193.25.

The expected trading range for today is between 191.40 and 193.25

Trend forecast: Bullish

Platinum price reacted to the positivity of the major indicators to achieve the first target at 971.00$ and fluctuate near it in order to motivate resuming the bullish attack in the near term period.

The frequent stability above the initial support 950.00$ and the consolidation of the MA55 below the current trades will increase the chances of forming new bullish rally, waiting to target 983.00$ level soon, followed by reaching the next resistance at 1000.00$.

The expected trading range for today is between 958.00$ and 983.00$

Trend forecast: Bullish

Copper price confirmed its surrender to the previously suggested positivity by settling within the bullish channel frequently and surpassing 4.6800$ barrier now, to notice the beginning of recording the positive targets by touching 4.7800$ now.

The continuous positive momentum provided by the major indicators will increase the efficiency of the bullish track, to expect attacking 4.8100$ recorded high soon, while surpassing it will start targeting new positive stations by rallying towards 4.9100$ and face the bullish channel’s resistance line.

The expected trading range for today is between 4.6800$ and 4.9100$

Trend forecast: Bullish