The EURJPY pair ended the temporary negative trading by testing the moving average 55 at 161.80, then bouncing directly above the support at 162.00, announcing the continuation of the suggested bullish track.
The unionism of the main indicators by providing positive momentum, to expect renewing the bullish attempts, to target the barrier at 163.35 and surpassing it will open the way for recording several gains that might begin at 164.00 reaching the next barrier at 164.80.
The expected trading range for today is between 162.00 and 163.35
Trend forecast: Bullish
The GBPJPY pair succeeded to surpass the negative pressures after facing the moving average 55, which formed extra support at 192.10, forming some bullish waves and its stability near 193.30 to increase the chances for activating the previously waited bullish attack.
By the above image, we notice stochastic rally above 20 level, to reinforce the chances for gaining the positive momentum, to keep our bullish expectations to target 194.60 level.
The expected trading range for today is between 192.60 and 194.60
Trend forecast: Bullish
Platinum price succeeded to surpass the resistance at $1083.00 level this morning, to confirm its move to a new positive station, recording some of the gains by hitting $1095.00 level.
The stability of stochastic within the overbought level is important to make the price gather the required extra positive momentum and reaching the positive stations near $1100.00 and $1125.00.
The expected trading range for today is between $1080.00 and $1100.00
Trend forecast: Bullish
Copper price began today’s trading with a new positivity by surpassing the barrier at $4.6600, announcing its readiness to activate the bullish track in the current period, the unionism of providing positive momentum by the main indicators will reinforce the chances for achieving several gains, to reach the initial target at $4.7500, to press on 61.8% Fibonacci correction level at $4.8100.
Note that activating the negative track requires forming a sharp decline, to settle below $4.5000 level, to confirm targeting several negative stations that begin at $4.4300 and $4.3100.
The expected trading range for today is between $4.6100 and $4.7500
Trend forecast: Bullish