The EURJPY pair continued providing weak sideways trading by its repeated fluctuation near 172.00 level, reducing its effect as an extra barrier, taking advantage of providing positive momentum by stochastic rally above 50 level.

Reminding you that resuming the bullish attack requires forming several strong bullish waves, to reach the resistance at 173.40, to begin recording new gains by its rally towards 174.10, reaching the main target at 175.15.

The expected trading range for today is between 171.70 and 173.40

Trend forecast: Bullish

The GBPJPY pair ended the bearish correctional attempts by facing important extra support at 197.85, which forces it to provide mixed sideways trading near 199.00 level.

The continuation of the trading above the current support besides the attempt of the main indicators to provide positive momentum, makes us expect activating the bullish attack to attempt to breach 200.30 level, then extend the trading towards the extra stations near 200.80 and 201.55.

The expected trading range for today is between 198.20 and 200.80

Trend forecast: Bullish

Platinum price took advantage of its repeated positive stability above the breached obstacle level at $1342.00, besides providing positive momentum by the main indicators, achieving the suggested targets by hitting $1383.60, to force it to provide some sideways trading by its fluctuation near $1355.00.

By the above image, we notice the stability of the moving average 55 near $1342.00 level, reinforcing the chances for forming an important extra support level, increasing the efficiency of the bullish track, to expect reaching $1383.00 and surpassing it will form the next main target for the bullish track at $1420.00 level.

The expected trading range for today is between $1340.00 and $1383.00

Trend forecast: Bullish

Copper price continued to resist stochastic negativity by its stability above the moving average 55, reinforcing the stability of the extra support near $4.2600, and the main stability within the bullish channel’s levels might increase the chances for activating the bullish attack by gathering the positive momentum, then begin targeting positive stations by its rally to $4.6200 reaching the next barrier near $4.7500.

The risk of changing the main trend is represented by the attempt to break the support of the main bullish channel at $4.060, which might force it to suffer big losses by reaching $3.8800.

The expected trading range for today is between $4.3000 and $4.6200

Trend forecast: Bullish