The EURJPY pair confirmed its surrender to the dominance of the temporary sideways bias, to notice its move between the extra support near 167.60 and the top of the last wave that is represented by 169.30 level, attempting to face stochastic negativity and keeping positive stability.

Therefore, we will keep waiting for the extra positive momentum, which allows it to settle above 169.30 then attack the resistance of the bullish channel at 170.00, to find an exit to move to a new positive station, while the price decline below the extra support that might force it to activate the bearish correctional track before any attempt to record any of the suggested positive targets.

The expected trading range for today is between 168.30 and 170.00

Trend forecast: Bullish

The GBPJPY pair ended its last bullish rally by providing a negative close below 66% Fibonacci correction level at198.80, to form an extra obstacle against the bullish attempts, which forces it to form a temporary correctional rebound at 197.85, attempting to catch its breath before resuming the main bullish attack.

Reminding you that the main stability within the bullish channel’s levels and its main support is located near 195.70, by forming extra support at 197.30 represented by 61.8%Fibonacci correction level, these factors make us wait for gathering new positive momentum that allows it to press on the mentioned obstacle and surpassing it will reinforce the chances of reaching the next target near 199.55.

The expected trading range for today is between 197.65 and 198.80

Trend forecast: Bullish

Platinum price confirmed its continuous surrender to the bullish bias domination, to notice its stability within the minor bullish channel’s levels and forming a new bullish rally, achieving new historical gains by hitting $1390.45 level.

Depending on forming extra support at $1330.00 level, and providing positive momentum by the main indicators, these factors make us prefer targeting extra stations that might extend towards $1400.00 reaching 2.618% Fibonacci extended level near $1418.00.

The expected trading range for today is between $1340.00 and $1400.00

Trend forecast: Bullish

Copper price succeeded in this morning to form new bullish wave, surpassing the barrier at $4.8900 level, attempting to confirm regaining the suggested bullish attack.

Stochastic reach to the overbought level confirms facing strong bullish pressures, to ease the mission of reaching the extra stations that are located near $4.9600 and $5.0300, confirm the importance of the trading rise in the current period above $4.8100 level, to avoid any losses that might be caused by the attempts of changing the bullish trend.

The expected trading range for today is between $4.8600 and $5.0300

Trend forecast: Bullish