The EURJPY pair began this morning with new positivity by surpassing the resistance of the bullish channel’s resistance at 171.70 level, recording some extra gains by holding near 172.25.

Note that stochastic stability within the overbought level might decelerate the chances of forming a strong bullish rally, but its repeated stability above 171.10 that attempts to form an extra support might assist to motivate the continuation of the positivity, to expect reaching to 172.85 followed by 161.8%Fibonacci extended level at 173.40

The expected trading range for today is between 171.50 and 171.85

Trend forecast: Bullish

The GBPJPY pair kept its positive stability above 66%Fibonacci correction level, to form a strong support at 198.80, resuming the rise and achieving new gains by reaching 199.80 level, approaching from the initial extra target at 200.35.

The continuation of stochastic fluctuation with the overbought level might push the price to target 200.35 level, which forces it to provide mixed trading until gathering the required extra positive momentum for achieving extra gains that might extend to 200.85 reaching the next main target at 201.55.

The expected trading range for today is between 199.00 and 200.35

Trend forecast: Bullish

Platinum price confirmed its surrender to the bearish correctional track by moving away from the resistance at $142.00, forming a new bearish wave and breaking the extra support at $1365.00 level, to settle near $1350.00.

The continuation of providing negative momentum by stochastic will increase the efficiency of the bearish correctional track, to keep waiting for targeting the target at $1330.00, and breaking it might extend the losses to $1317.00 and $1300.00.

The expected trading range for today is between $1330.00 and $1370.00

Trend forecast: Bearish

Copper prices are under strong positive pressures, which allows it to surpass the barrier at $5.1000, to notice forming a strong bullish rally and achieving big gains by hitting $5.8100 level, forming an intraday rebound to $5.5500 to catch its breath and gather some gains.

Note that the price is surrounded by several positive factors that support the continuation of the positivity, such as the unionism of the main indicators by providing positive momentum besides forming extra support at $5.3200 level, which makes us prefer more of the bullish attempts that target 2.00%Fibonacci extended level at $5.9720, to approach from the resistance of the main bullish channel that appears in the above image.

The expected trading range for today is between $5.4500 and $5.9800

Trend forecast: Bullish