The EURJPY pair provided positive signal on Friday by forming a strong bullish rally, achieving 163.75, which forces it to fluctuate below 163.25 level, due to the contradiction between the main indicators by stochastic exit from the overbought level.

The price might be forced to provide more of the mixed trading, but its success in taking advantage of forming extra support at 162.40 might assist renewing the bullish attempts, to wait for confirming breaching 163.25 to increase the chances for recording new gains by its rally towards 164.20 reaching the next target near 164.90.

The expected trading range for today is between 162.50 and 164.25

Trend forecast: Bullish by confirming the breach

The GBPJPY pair got advantage from its stability above 190.25 level, which represents the extension of the support of the sideways triangle that appears in the above image, to notice recording the initial positive targets by hitting 191.70 level, facing the moving average 55.

Confirming breaching 191.55 level in the current period is important to reinforce the domination of the bullish scenario, then begin achieving new gains by its rally towards 192.40 and 193.15, while reaching below 190.25 might force it to delay the bullish attack and provide bearish intraday waves to target 189.70 and 188.60 before reaching any new positive target.

The expected trading range for today is between 190.40 and 192.40

Trend forecast: Bullish

Platinum price formed some sideways range trading on Friday, due to its temporary trading between the resistance at $977.00 and the support level by the moving average 55 stability near $961.00.

Breaking $961.00 level is important, and providing negative close below it, which allows it to activate the suggested negative attack, by targeting $950.00 and $938.00 level initially.

The expected trading range for today is between $950.00 and $ 977.00

Trend forecast: Bearish

Copper price provided slow trading recently, due to the contradiction between the main indicators, to delay the negative attack and settles near $4.7500 level, reminding you that the bearish scenario will remain valid by the continuation of forming main barrier at $4.9100 against the current trading, which increases the chances for forming bearish waves to press on 50%Fibonacci correction level at $4.6600, and breaking it will extend the losses towards $4.5600, to face the moving average55.

The price rally above the mentioned barrier and holding above it, will confirming delaying the negative attack, and provide chances for recording some extra gains before reaching the previously waited negative targets.

The expected trading range for today is between $4.6600 and $4.8400

Trend forecast: Bearish