The GBPJPY pair continues forming strong bullish wave yesterday to rally towards 203.05, recording the suggested extra target, then returns to settle near 161.8%Fibonacci extension level at 202.40.

We will depend on the attempt of forming extra support at 201.70 level, to increase the chances for price activation with the main indicators by forming new bullish rally, to target 203.20 level, reaching 1.809% Fibonacci extension level at 203.85.

The expected trading range for today is between 201.70 and 203.10

Trend forecast: Bullish

The EURJPY pair kept its positive stability above 175.20 level, confirming its surrender to the bullish bias dominance, to rally towards 176.30, which forces it to form an intraday rebound to gather more positive momentum for today.

Stochastic rally above 50 level will provide new chance for recording extra gains, to expect its rally towards 176.95, as surpassing this barrier will extend the trading towards the next target at 177.45, while the price decline below 175.20 and providing negative close might force it to form bearish corrective trading before reaching any suggested target.

The expected trading range for today is between 175.40 and 176.95

Trend forecast: Bullish

Platinum price took advantage of the positive momentum that comes from the unionism of the main indicators, keeping the chances of resuming the bullish trend by reaching $1630.00 resistance, to find an exit to achieve new gains that might extend to $1660.00 and $1690.00.

Reminding you that the stability of the support at $1525.00 forms a main factor to confirm the bullish scenario in the near and medium period trading, while breaking this support will force the price to activate the bearish corrective track, which forces it to suffer some losses by reaching $1480.00 and $1440.00 before any new attempt to resume the bullish trend.

The expected trading range for today is between $1575.00 and $1660.00

Trend forecast: Bullish

Despite the fluctuation of copper price since yesterday below $5.0600 level, the main stability remains within the bullish channel levels, if the main indicators kept providing positive momentum, then our previously suggested bullish scenario remains valid.

The stability of the extra support near $4.7500 confirms the confinement of the trading within the bullish track, to keep waiting for breaching the current barrier, then begin recording new gains towards $5.2000 and $5.3200.

The expected trading range for today is between $4.9100 and $5.2000

Trend forecast: Bullish