The EURJPY pair formed a new bullish rally, taking advantage of stochastic reach to the overbought level, hitting the second positive target at 166.45, forming some mixed trading by reaching 165.75.
Note that the main stability within the bullish channel’s levels by forming extra support at 164.80 level, these factors make us keep the bullish suggestion, to keep waiting for breaching the barrier at 166.45, which allows it to reach new bullish station that might begin at 167.25 reaching the bullish channel’s resistance at 168.50.
The expected trading range for today is between 165.30 and 167.00
Trend forecast: Bullish
There is no change for the GBPJPY pair’s track by the continuation of its fluctuations within the minor bullish channel’s levels, but its neediness to the positive momentum pushed it to form a new sideways fluctuation by its stability near 195.50.
Depending on forming an extra support at 194.50 level, to wait for gathering the positive momentum which allows it to confirm surpassing the obstacle at 195.65, to increase the chances of achieving the extra targets at 196.30 and 197.35 level.
The expected trading range for today is between 194.80 and 196.30
Trend forecast: Bullish
Platinum price succeeded by forming extra bullish waves, to settle near 1275.00 level that formed the previously awaited main target, then forming sideways trading due to stochastic attempt to exit the overbought level as appears in the above image.
We expect the affection of the price by the sideways bias domination temporarily, but its stability above $1223.00, which forms new support against the bullish trading will increase the chances for gathering the positive momentum, to expect the attempt of targeting $1302.00 level, to form a new extra target for the current trading.
The expected trading range for today is between $1245.00 and $ 1302.00
Trend forecast: Bullish
No news for copper price to keep providing mixed trading, attempting to face stochastic negativity, keeping the chances for resuming the bullish attack in the near period, depending on forming an extra support level at $4.6600 by 50%Fibonacci correction level.
We expect forming bullish waves, to attempt to press on the barrier at $4.8900, and surpassing it will reinforce the chances for achieving new gains by its rally at $5.0300 reaching the next target at $5.1200.
The expected trading range for today is between $4.7100 and $4.8900
Trend forecast: Bullish