The EURJPY pair resumed the bullish attempts, taking advantage of its repeated stability above the extra support at 169.10, reaching the previously suggested target at 171.60, to face the resistance of the main bullish channel, which forces it to form a sideways fluctuation by its rebound to 171.30.

Due to the strength of the current resistance we expect entering instability station by the contradiction of the resistance stability against the main indicators attempts to provide the positive momentum, while resuming the bullish attack requires forming new bullish wave to settle above 172.00 level, to open the way towards recording extra gains that might begin at 172.80 reaching 173.90.

The expected trading range for today is between 170.45 and 171.90

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair took advantage of the positive factors that are represented by the main stability within the bullish channel’s levels by forming extra support at 196.70, forming a strong bullish rally yesterday, achieving the initial targets by reaching 199.00 level, providing new positive signal due to surpassing 66.8%Fibonacci correction level.

Today’s trading began with new positivity, to hit 199.45, which makes us keep the bullish suggestion that is conditioned by holding above 198.80, to increase the chances for reaching new positive stations that might extend to 200.30 and 201.55, while the risk of delaying the rise will be if the price returns to fluctuate below the extra support near 197.50.

The expected trading range for today is between 198.80 and 200.30

Trend forecast: Bullish

Platinum price declined yesterday below the extra support at $1365.00 level, targeting $1344.00 level, then bounces quickly to settle near the support again as appears in the above image.

Reminding you that the bearish correctional scenario will remain valid by the stability of the trading below the barrier at $1400.00, which makes us wait for confirming breaking the current support to ease the mission of reaching the correctional stations near $1333.00 and $1317.00.

The expected trading range for today is between $1330.00 and $1400.00

Trend forecast: Bearish

Copper price attempted to surpass stochastic negativity by its stability yesterday above $4.9000 level, which forms 68.00%Fibonacci correction level, to reinforce its stability within the bullish channel’s levels, extending its support to $4.8400.

Note that the continuation of the main indicator’s contradiction might push the price to provide weak sideways trading, but the bearish correctional suggestion will remain valid, depending on the stability of the barrier at $5.1000, to expect testing the bullish channel’s support, then monitor its behavior to detect the expected trend on the upcoming trading.

The expected trading range for today is between $4.8650 and $5.0000

Trend forecast: Fluctuated within the bullish track