The EURJPY pair took advantage of the positive factors represented by forming additional support at 134.60 and stochastic continuous positive momentum, which pushed the price to form strong bullish rally and achieve the first target at 136.75.
These factors allow us to keep the bullish overview for the upcoming period, reminding you that it is important to monitor the price behavior in case touching the target at 137.70, due to its importance to detect the next main targets.
The expected trading range for today is between 136.20 and 137.70
The expected trend for today: Bullish
The GBPJPY pair continued to provide strong bullish trades, achieving the target at 163.35 and pressing on the obstacle that appears on the chart, noting that stochastic continuous attempt to provide the positive momentum allows us to wait to breach the current barrier to ease the mission of reaching the additional stations that start at 164.00 and 164.80.
Also, the frequent stability of the additional support at 161.40 confirms blocking trades within the bullish track for now, to keep waiting to reach the additional stations before starting any correctional bearish rebound.
The expected trading range for today is between 162.60 and 164.80
The expected trend for today: Bullish
Platinum price provided many sideways trades recently, affected by the stability of 50% Fibonacci correction level at 950.00, to hinder the attempt to resume the previously waited bearish correction.
The above chart shows the consolidation of trades below the additional barrier 1025.00, in addition to the moving average 55 crawl below this level, confirming blocking trades within the negative track for the upcoming period, thus, we will keep waiting to gather the additional negative momentum to manage to achieve the main targets at 950.00 and 908.00.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
Copper price continued to fluctuate negatively due to the continuous negative momentum coming by stochastic, to move away from 4.8100 barrier, expecting to crawl towards the moving average 55 soon, forming the first target at 4.5500, while surpassing it might extend losses towards 4.3300 to test the major support that appears on the chart.
The expected trading range for today is between 4.7000 and 4.5500
The expected trend for today: Bearish