The EURJPY pair recorded some extra gains by hitting 167.60 level, which forces it to form a temporary correctional rebound, affected by a stochastic attempt to exit the overbought level, providing chances for catching its breath and gathering the gains by reaching 166.70.

The price keeps providing mixed trading, but its repeated stability within the bullish channel’s levels and forming extra support at 166.00 level, so these factors make us keep the main bullish suggestion, which might target 168.00 level in the near period trading reaching the resistance level at 168.90.

The expected trading range for today is between 165.95 and 167.45

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair lost its positive momentum, affected by stochastic exit from the overbought that forces it to delay the bullish attack and motivate the attempts of gathering the gains by reaching 194.85.

Note that the stability of the trading within the minor bullish channel’s levels, and its support located near 194.40, which makes us keep the bullish suggestion, to wait for surpassing 195.70 level, then attempts to achieve new gains by targeting 197.45 level.

The expected trading range for today is between 194.65 and 196.80

Trend forecast: Bullish

Platinum price kept the bullish track by forming a new bullish wave to approach from the barrier at $1275.00, affected by providing positive momentum by stochastic stability above 50 level.

Reminding you that the repeated stability below the current barrier will decelerate the bullish attack, to keep preferring the bearish correctional scenario, which might target $1225.00 level, while breaching the barrier and holding above it will ease the mission of pressing on the achieved top at $1303.00 level, then attempts to achieve new gains by its rally to $1343.00.

The expected trading range for today is between $1225.00 and $1275.00

Trend forecast: Bearish

Copper price began this morning by receiving the positive momentum due to a stochastic surpass to 50 level, accompanied by the attempt of reinforcing the stability of the support at $4.6600 by the moving average 55 level.

And that makes us keep the bullish suggestion, to expect forming bullish waves that allow it to press on the barrier at $4.8900 and surpassing it will ease the mission of reaching the next target at $5.0300.  

The expected trading range for today is between $4.7400 and $4.8900

Trend forecast: Bullish