The EURJPY pair suffered strong negative pressures, reaching below the bullish channel’s support at 183.45 level, to suffer intraday losses by targeting 182.80 level, which forms a key support level to take advantage of its rally towards 183.40.

The confinement between extra support at 182.80 and 183.60 level makes us expect extending the support of the broken bullish channel, to keep the neutrality until confirming the trend by surpassing one of these levels, note that the price rally above 183.60 will reinforce the chances of renewing the bullish attempts, to expect targeting 184.40 barrier, and surpassing it will form next target at 184.90 level in the bullish trading.

The expected trading range for today is between 182.80 and 183.60

Trend forecast: Neutral

The GBPJPY pair succeeded in surpassing the negative pressure after hitting 210.50 level, activating with stochastic positivity by surpassing the barrier at 211.30, to begin recording new gains by reaching 212.15.

The price needs to provide a new positive close above the breached barrier, which allows it to take advantage of the main indicators positivity, to expect its rally towards 212.55 and breaching it will make it reach the bullish channel’s resistance at 213.75, while the fluctuation below the barrier will force it to provide mixed trading with a new chance for suffering some losses by reaching 21.50 and 209.75.

The expected trading range for today is between 211.00 and 212.50

Trend forecast: Bullish

Platinum price succeeded in renewing the bullish attack by its stability above $2085.00 level, activating with the main indicators’ positivity by its rally above $2235.00 barrier, and achieving clear gains by reaching $2335.00.

No escape from resuming the bullish attack, due to the continuation of providing bullish momentum by the main indicators to reach $2380.00, to attempt to press on the barrier at $2430.00 level, reinforcing the chances of reaching new historical stations in the near period.

The expected trading range for today is between $2235.00 and $2380.00

Trend forecast: Bullish

Copper price formed strong bullish rally yesterday, taking advantage of the positive stability above $5.5100 support, besides providing bullish momentum by the main indicators, to hit the initial main target by reaching $5.9900.

Facing positive pressures makes us keep the bullish scenario, reinforcing the chances of recording new historical gains to expect reaching $6.0750, to press on the resistance of the main bullish channel at $6.1700.

The expected trading range for today is between $5.8400 and $6.1700

Trend forecast: Bullish