Despite the lack of the positive momentum, the EURJPY pair’s frequent stability above 129.80 support line and the continuous fluctuation near 131.10 confirm surrendering to the domination of the bullish bias.
The price needs new positive momentum to manage to surpass 131.45 followed by attempting to achieve many positive gains by moving towards 132.40 followed by reaching the recently recorded high at 133.60.
The expected trading range for today is between 130.65 and 132.40
The expected trend for today: Bullish
No news for the GBPJPY pair that keeps fluctuating within the sideways track, represented by 157.40 resistance and 156.00 support, thus, we will stay neutral until surpassing one of these levels to manage to detect the next main targets.
We remind you that succeeding to achieve the required breach to 157.40 level to open the way to record many positive targets that might start at 158.60, while crawling below the additional support will force it to form correctional bearish rebound in order to reach the bullish channel’s support line at 154.50.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Neutral
Platinum price started to provide slow positive trades, depending on the strength of 925.00 support line, to notice its stability at 970.00 now and increase the chances of renewing the previously expected bullish attempts.
We remind you that it is important to breach 1000.00 obstacle to open the way to record more positive targets that might start at 1040.00 followed by reaching 1072.00 in the medium term period.
The expected trading range for today is between 950.00 and 1000.00
The expected trend for today: Bullish
Copper price succeeded to gather the positive momentum, to notice the beginning of forming bullish trades and reach 4.4500 level, moving away from 4.3300 support line, which confirms the continuation of the positivity, waiting to achieve the first main target at 4.5200, while surpassing it will extend trades towards 4.6200 as a next barrier against the bullish trades.
The expected trading range for today is between 4.4000 and 4.5200
The expected trend for today: Bullish