The pair trades with bullish bias since morning, touching 1.3400 level, while the EMA50 keeps supporting the bullish wave from below.

In general, our morning overview remains valid as it is for the rest of the day, conditioned by stability above 1.3275

Expected trading range for today is between: 1.3250 support and 1.3500 resistance.

Expected trend for today: Bullish

The pair is forming short term bullish wave to settle above the moving average 55, reaching 126.60 level as shown in the chart, while the continuous attempts to get rid of the current sideways trading support the bullish bias to reach 128.40 level as a first target for the positive trading.

We notice stochastic stability in negative level attempting to provide bullish signal to support the expected bullish bias for the near term trading, and we should mentioned that the price attempt to break 126.00 will support the negative bias to reach 123.80 as a negative target.

Expected trading range is between: 126.00 and 128.40

Expected trend for today: Bullish, conditioned by holding above 126.00 level

From the above chart, we notice the pair stability around the moving average 55 recently without any change in the price, to keep the support line stable against the current trading, waiting for positive momentum to achieve the previously expected positive bias.

The expected targets remain around 151.00 followed by 153.80 by holding above the support line 147.50, and we notice stochastic attempt to form bullish wave to leave 20 level and provide the required positive momentum in the upcoming period.

Expected trading range is between: 147.60 and 151.00

Expected trend for today: Bullish

Platinum price succeeded to break the initial support line at 1445.00, to notice the price settling negatively around 1430.00 since morning, and continue with the bearish overview to reach 1415.00 as a first target followed by 1400.00 in the near term.

Stochastic settles in the oversold area, which supports the continuation of the negativity for platinum, with the need of the negative momentum to hit the previously mentioned targets.

Expected trading range is between: 1450.00 and 1515.00

Expected trend for today: Bearish