The EURJPY pair formed several bullish waves on Friday, taking advantage of its stability within the bullish channel’s levels, to notice achieving new gains by hitting 168.90 level.

Note that the attempt to form extra support at 167.55 level, and stochastic attempt to provide extra positive momentum by reaching the overbought level, these factors increase the chances for surpassing the obstacle at 169.30, to attempt to target the resistance of the bullish channel at 169.70.

The expected trading range for today is between 168.10 and 169.30

Trend forecast: Bullish

The GBPJPY pair succeeded in confirming the bullish scenario by providing a new positive close above the barrier at 195.65, forming bullish waves and achieving clear gains by reaching 197.20.

The continuation of providing positive momentum by the main indicators will increase the chances for surpassing 61.8%Fibonacci correction level at 197.45, reinforcing the chances for achieving extra gains that might begin at 198.00 and 198.80.

The expected trading range for today is between 196.00 and 198.00

Trend forecast: Bullish

Platinum price activated the attempts of gathering the previously achieved gain, by forming a clear correctional decline in Friday, to settle below the extra support at $1275.00 level targeting $1244.00 as appears in the above image.

Reminding you that the stability above $1225.00 level until now might assist renewing the bullish attempts, to target $1300.00 and $1335.00 level, while its decline below this support and providing a negative close will confirm its readiness to resume the correctional decline, to wait for targeting $1210.00 and $1187.00.

The expected trading range for today is between $1225.00 and $1300.00

Trend forecast: Fluctuated 

Copper price continued to face the attempts of stochastic to provide negative momentum, to notice its repeated stability above 50%Fibonacci correction level, which keeps supporting the extra support near $4.6600.

We expect the continuation of providing sideways trading until gathering the required positive momentum to reach the initial target near $4.9800, and surpassing it will reinforce the chances for recording extra gains in the upcoming period.

The expected trading range for today is between $4.7000 and $4.8900

Trend forecast: Bullish