The EURJPY pair touched 164.07 on last Friday after surpassing the additional resistance 163.25, attempting to confirm regaining the bullish bias, while we notice its decline towards 162.60 this morning to test the MA55 and hold above it.

Attacking the additional resistance again allows us to wait to achieve the breach to manage to renew the bullish attempts and expect targeting many positive stations that start at 164.00 and 164.80.

The expected trading range for today is between 162.60 and 164.00

Trend forecast: Bullish

The GBPJPY pair recorded more positive gains on last Friday by touching 194.75 level, while we notice opening this morning with negative gap by declining towards 193.45 to settle near the MA55 and keep its stability above the additional support 191.80.

We expect to form mixed trades due to stochastic consolidation within the overbought areas to keep waiting to succeed to gain the additional positive momentum and manage to jump above 194.30 level again, to open the way to form new bullish rally and reach the next target at 195.55.

The expected trading range for today is between 193.10 and 195.55

Trend forecast: Bullish

Platinum price lost its positive momentum on last Friday to provide new closings below 955.00$ and settle below the MA55 as appears on the chart.

Also, stochastic crawl below 50 level might increase the negative pressures today to expect forming some negative trades and target 930.00$ level followed by reaching 920.00$ support line, while turning back to settle above the barrier will cancel the temporary negative overview and open the way to record many gains by rallying towards 983.00$ first.

The expected trading range for today is between 930.00$ and 955.00$

Trend forecast: Bearish

Copper price failed to confirm breaching 4.3300$ barrier to form intraday decline and test the MA55 again by reaching 4.2300$, reminding you that the stability of the price above 4.1500$ support line and stochastic attempt to provide the positive momentum reinforce the chances of renewing the bullish attempts that might target 4.4400$ followed by reaching 4.5300$ on the medium term basis.

On the other hand, facing strong negative pressures and crawling below the mentioned support will confirm surrendering to the domination of the negativity, to expect suffering additional losses by moving towards 4.0900$ and 4.0200$ levels.

The expected trading range for today is between 4.2000$ and 4.4400$

Trend forecast: Bullish