The EURJPY pair didn’t get enough of facing 137.70 barrier that formed the first main target of the bullish track, to notice surpassing it and reaching 138.05.
The main stability within the bullish channel and the consolidation of the additional support at 134.90 support the bullish overview, also, the continuous positive momentum coming by the major indicators will increase the chances of moving towards 138.90 that forms the extension of the resistance as appears on the chart.
The expected trading range for today is between 136.80 and 138.80
The expected trend for today: Bullish
The GBPJPY pair kept its bullish track by consolidating within the bullish channel, to notice achieving big gains by reaching 166.65, reminding you that the frequent fluctuation above the additional support 163.50 forms major factor to confirm the continuation of the positivity, to expect resuming the bullish attack and move towards 167.40 followed by reaching the bullish channel’s resistance at 168.20.
Also, stochastic continuous fluctuation within the overbought areas will assist to confirm the continuation of the positivity due to getting continuous positive momentum, allowing us to wait to reach the suggested additional positive targets.
The expected trading range for today is between 165.00 and 167.40
The expected trend for today: Bullish
Platinum price formed bullish rally recently, taking advantage of the stability of the additional support at 950.00, in addition to stochastic positive momentum signals, to notice reaching the additional barrier at 1023.00.
The consolidation above the moving average 55 will increase the chances of gaining the additional positive momentum, as breaching the current barrier will push to target new positive stations that might extend towards 1045.00 and 1070.00 levels.
The expected trading range for today is between 1000.00 and 1045.00
The expected trend for today: Bullish
Copper price started to react with the major indicators positively, forming bullish wave and repeating the pressure on 4.8100 barrier, while the continuous positive pressures allow us to monitor the price behavior due to the chances of surpassing the barrier and resuming the main bullish attack, to target the psychological barrier at 5.0000 followed by reaching the next resistance at 5.1800.
On the other hand, failing to achieve the breach will force the price to form new sideways fluctuation to confine trades above the moving average 55 that forms additional support at 4.5500.
The expected trading range for today is between 4.7000 and 5.0000
The expected trend for today: Bullish