The EURJPY repeats the positive closes– Forecast today – 12-5-2025
Despite the last weak trading of the EURJPY pair, it success to settle above the breached barrier at 193.35 level represents a main factor for confirming the domination of the bullish track, to fluctuate near 193.85, attempting to ease the way towards more of the bullish waves.
Stochastic approach from 80 level will increase the chances of gathering the positive momentum, to keep waiting for recording the target near 164.20, then repeats the attempts of pressing on the resistance near 164.90, to form the next target of the near trading.
The expected trading range for today is between 163.30 and 164.90
Trend forecast: Bullish
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The GBPJPY begins with a new positivity– Forecast today – 12-5-2025
The GBPJPY pair began this morning with a new positivity by forming a price gap and holding above the sideways track’s resistance at 193.45 level, to begin recording new gains by hitting 194.20 level.
The price succeeded in providing new closes above 193.45 level, with the continuation of providing positive momentum by the main indicators, which will increase the chances for recording clear gains by reaching 194.80 followed by the next barrier near 195.85.
The expected trading range for today is between 193.30 and 194.80
Trend forecast: Bullish
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Platinum price records the initial target– Forecast today – 12-5-2025
Platinum price succeeded to confirm surpassing the barrier at $983.00, activating the suggested bullish rally, to achieve the initial target by reaching $1002.00, the stability of the price above the breached barrier is required for taking advantage of the main indicators positivity, to attempt to record new gains by its rally towards 61.8%Fibonacci correction level at $1017.00.
The price decline below $983.00 and providing negative close will cancel the bullish suggestion, which forces the price to suffer several losses by reaching $965.00, then press on the support at $950.00.
The expected trading range for today is between $990.00 and $1017.00
Trend forecast: Bullish
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Copper price is weak– Forecast today – 12-5-2025
Copper price rally above the moving average 55, will not affect the negative suggestion for the current trading, because of the formation of consecutively lower peaks, keeping its stability below the main barrier at $4.9100.
The price might keep forming weak trading until gathering the negative momentum, that assist to confirm breaking $4.5000 level, then begin targeting new negative stations by breaching $4.4500 reaching $4.3100.
The expected trading range for today is between $4.5000 and $4.7000
Trend forecast: Bearish
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