The EURJPY pair provided a positive signal by its rally above the barrier at 163.25, to record some gains by hitting the 163.90 level, to provide sideways trading to gather the positive momentum again.
We will depend on forming a new support base at 162.65 level, note that the attempt of surpassing 50 level will increase the chances for forming bullish waves, to expect reaching 164.20, to repeat the pressure on the resistance at 164.90.
The expected trading range for today is between 163.00 and 164.20
Trend forecast: Bullish
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The GBPJPY pair took advantage of suffering strong positive pressures, to notice surpassing the moving average 55 and providing strong pressures on the resistance of the sideways triangle at 193.45.
Noting that the stability above the support of the sideways track at 191.00 level, by the continuation of providing positive momentum by the positive momentum, these factors might assist breaching the mentioned resistance, opening a new way for the price to record more of the gains by reaching 194.60 reaching the achieved top at 195.85 level.
The expected trading range for today is between 191.80 and 194.00
Trend forecast: Bullish
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Platinum price continued forming weak sideways waves by its repeated fluctuation near the barrier at $983.00, which represents a strong obstacle against the attempts to regain the bullish bias.
The contradiction between the main indicators makes us wait for achieving the required breach, to reinforce the chances of renewing the bullish attempts that might target $1000.00 and $1017.00, while the repeated stability below the barrier might assist forming some bearish waves, which might force the price to suffer some losses by reaching the moving average 55 at $962.00.
The expected trading range for today is between $974.00 and $ 1000.00
Trend forecast: Bullish
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Copper price failed to settle above the extra support at $4.5400 by stochastic negative momentum, to push it to suffer several losses by hitting $4.4200, to settle below the moving average 55.
The continuation of the negative pressures makes us prefer more of the negative trading in the current period, to target $4.3200 level, while regaining the bullish bias requires forming strong bullish waves, to settle above $4.6600 level, which represents %50 Fibonacci correction level.
The expected trading range for today is between $4,3800 and $4.5800
Trend forecast: Bearish
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