The EURJPY pair still lacks the positive momentum until this moment, to form temporary negative trades and keep its consolidation within the minor bullish channel that its main support line located at 162.30.

The stability of the mentioned support allows us to keep the bullish overview that will target 163.30 followed by 164.90 levels soon, while breaking the support and settling below it will confirm moving to the negative track, to expect suffering additional losses by crawling towards 161.65 followed by reaching 160.30 levels.

The expected trading range for today is between 162.30 and 163.80

Trend forecast: Bullish

The GBPJPY pair failed to hold above 195.85 level to form correctional negative trades and suffer clear losses by reaching 193.55 level, to face key support as appears on the chart.

The stability above this support will reinforce the chances of renewing the positive trades, to expect gathering the positive momentum and start targeting many positive levels by rallying towards 195.25 and 195.85 levels first, while breaking the current support and holding below it will force it to form new negative waves to suffer more losses by crawling towards 193.20 and 192.45 levels.

The expected trading range for today is between 193.60 and 195.25

Trend forecast: Bullish

Platinum price formed new bullish rally yesterday to settle above 950.00$ barrier and notice surpassing the MA55 to confirm its preparation to resume the bullish attack again.

We will depend on 940.00$ level forming additional support, in addition to stochastic attempt to provide the positive momentum to increase the chances of targeting 983.00$ level to form the next main target for the bullish trades.

The expected trading range for today is between 940.00$ and 983.00$

Trend forecast: Bullish

Copper price reacted to the positivity of the major indicators to surpass the minor bearish channel’s resistance line at 4.1600$ and form strong bullish rally to settle above 4.2000$ barrier, achieving additional gains by settling near 4.3000$.

Now, the stability of the MA55 will increase the chances of gathering the additional positive momentum, allowing us to suggest new positive rally to surpass the additional barrier at 4.3300$ and confirm the continuation of the positivity of the upcoming period.

The expected trading range for today is between 4.2000$ and 4.3300$

Trend forecast: Bullish