Coffee price ended the temporary corrective decline by testing the minor bullish channel’s support near 384.00, to see its reaction to stochastic positivity by its rally towards 416.00.

Providing positive momentum by the main indicators will increase the chances of breaching 425.00 level, to activate the positive pattern then targeting several positive stations that begin at 442.00 and 457.00.

The expected trading range for today is between 400.00 and 442.00

Trend forecast: Bullish

The EURJPY pair faced 175.70 level in its last corrective decline, which formed extra support, to reduce the negative effect by its stability, by the above image, we notice its rally above 177.05 barrier.

The price needs a new bullish momentum to allow it to provide a new positive close above 177.05 level, to reinforce the efficiency of the bullish track by its rally towards 177.95 and 178.75.

The expected trading range for today is between 176.65 and 177.95

Trend forecast: Bullish

The GBPJPY pair leaned on the moving average 55, pushing it to form some bullish waves by targeting 201.10 level, attempting to recover some of the recently achieved losses.

We couldn’t confirm the bullish attack as there are several barriers near 201.75 and 202.40, and the continuation of the fluctuation below 50 level might increase the negative pressure, to keep preferring the bearish corrective track, to target 200.25 level reaching 198.70.

The expected trading range for today is between 200.20 and 201.60

Trend forecast: Bearish

Platinum price remains confined until this moment between $1605.00 barrier and $1525 support, which represents a solid obstacle against the attempts of resuming the suggested bearish decline.

The contradiction between the main indicators makes us stay neutral and wait for surpassing one of these levels to confirm the expected trend in the near and medium trading, reminding you that breaking the support and holding below it will force the price to suffer extra losses that might extend to $1485.00 and $1440.00.

The expected trading range for today is between $1530.00 and $1600.00

Trend forecast: Neutral