Coffee price formed the inverted head and shoulders pattern in its last trading, and 424.20 level forms the main neckline as appears in the above image, noticing the attempt to surpass the neckline at 437.40 in yesterday trading, to bounce quickly towards 410.00.

The price needs new positive momentum that allows it to settle above extra support towards 393.25, then wait for breaching 424.20 level, to confirm activating the bullish pattern, to target 457.50 and 486.00 level.

The expected trading range for today is between 400.50 and 457.50

Trend forecast: Bullish

The EURJPY pair took advantage of the main indicators of unionism and provided positive momentum, surpassing 177.05 level to confirm its readiness to resume the bullish attack, by hitting 177.65 level.

In general, the stability within the bullish channel’s levels and the stability of the initial main support at 175.25 confirms the continuation of the bullish trading, to keep our bullish suggestion, which might target 178.60 level that forms the next main target for the current trading.

The expected trading range for today is between 176.90 and 178.60

Trend forecast: Bullish

The GBPJPY pair hit the targeted barrier at 203.95, to settle below it due to stochastic attempt to exit the overbought level.

Reminding you that the bullish scenario will remain valid, conditioned by the stability of the support at 201.70 level, therefore, we will keep waiting for gathering positive momentum, which allows it to surpass the current barrier and begin recording new gains by its rally towards 204.60 reaching the top near 205.25.

The expected trading range for today is between 202.80 and 204.60

Trend forecast: Bullish

Platinum price attempted to settle above $1605.00 level, to notice recording some gains by hitting $1665.00 level, providing weak sideways trading by its stability near $1620.00.

Confirming that holding above $1605.00 level is important, which forms an important extra support to reinforce the chances of gathering the positive momentum, then attack the next barrier near $1695.00, while breaking the current support will force the price to provide new corrective trading, which forces it to suffer some losses by reaching $1565.00 and $1525.00.

The expected trading range for today is between $1600.00 and $1695.00

Trend forecast: Bullish