The EURJPY hits the initial extra target– Forecast today – 17-6-2025
The EURJPY pair resumed the bullish attack by surpassing the barrier at 166.45, achieving the initial extra target at 167.25, forming sideways trading to catch its breath and gathering the extra positive momentum.
The stability of stochastic within the overbought level might force the price to provide some sideways trading, but the main stability within the bullish channel’s levels makes us keep the bullish suggestion, which might target 168.10 level reaching the bullish channel’s resistance at 168.90.
The expected trading range for today is between 166.70 and 168.00
Trend forecast: Bullish
The GBPJPY approaches target– Forecast today – 17-6-2025
The GBPJPY pair continued forming bullish trading since yesterday, taking advantage of the main stability within the bullish channel’s levels, besides surpassing the extra barrier at 195.80, approaching from the initial target level at 196.85 level.
We expect gathering the positive momentum by stochastic attempt to reach the overbought level, to reinforce the chances for targeting new bullish stations that might extend to 197.45 reaching 198.80 in the medium period trading.
The expected trading range for today is between 195.85 and 197.45
Trend forecast: Bullish
Platinum price settles below the barrier– Forecast today – 17-6-2025
Despite Platinum price attempts to provide some positive trading, but its repeated stability below the barrier at $1275.00 level assists to motivate providing new bearish trading, attempting to decline below $1225.00, then targeting $1184.00 level, which represents the initial extra target for the near trading.
By the above image, we notice stochastic reach below 50 level, to increase the chances for gathering the required negative momentum to reach the mentioned negative stations.
The expected trading range for today is between $1185.00 and $1260.00
Trend forecast: Bearish
Copper price is without any new– Forecast today – 17-6-2025
Copper price remains affected by the temporary sideways track by its continuous fluctuation near $4.7800 without recording any of the extra positive targets, but its repeated stability above the extra support at $4.6600 and the attempt of the main indicators unionism in providing positive momentum, these factors assist to motivate the bullish attempts that target $4.8900 level, reaching the next main target at $5.0300.
The expected trading range for today is between $4.7000 and $4.8900
Trend forecast: Bullish