The EURJPY pair continued the rise to reach the resistance of the targeted bullish channel’s resistance at 169.70 level, which explains the direct correctional rebound towards 168.80, despite the attempts of providing mixed sideways trading, and there is a chance to activate the attempts of gathering gains by reaching 168.05.

While the price success in breaching the resistance and providing a positive close above it, will confirm its move to a new positive station, to begin recording new gains by its rally to 170.40 initially reaching the next barrier near 171.60.

The expected trading range for today is between 168.30 and 169.80

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair took advantage of the main stability within the bullish channel’s levels and the unionism of providing positive momentum by the main indicators, by achieving the initial extra target at 198.00 yesterday, which forms a temporary rebound to gather some of the gains before resuming the bullish attack.

The stability of the support level at 195.75 and stochastic attempt to reach the overbought level, these factors assist to confirm the positivity of this day, to expect reaching the next target at 198.80 to face 66.8%Fibonacci correction level that appears in the above image.

The expected trading range for today is between 196.65 and 198.80

Trend forecast: Bullish

Platinum price confirmed the bullish attempts by holding above the extra support at $1225.00, forming some positive trading and achieving the target at $1300.00.

The price needs a new positive momentum, to ease the mission of surpassing $1300.00 level, and begin targeting the positive stations near $1322.00 reaching $1365.00 in the medium period trading, while the price decline below the mentioned extra support, which will confirm its readiness to activate the bearish correction track, which forces it to suffer new losses that begin at $1210.00 and $1187.00.

The expected trading range for today is between $1265.00 and $1320.00

Trend forecast: Bullish

Copper price received extra positive momentum yesterday by stochastic rally to 80 level, accompanied with our bullish expectation, to notice its rally to the target at $4.8900, which forms an important barrier against resuming the bullish scenario.

The price keeps forming mixed sideways trading until achieving the current barrier, to open the way towards recording extra gains that might extend to $5.030, while the failure will increase the chances for activating the bearish correctional track, which might force it to decline towards $4.7500 reaching the extra support at $4.660 level.

The expected trading range for today is between $4.7700 and $4.9600

Trend forecast: Bullish