Coffee prices succeeded by confirming the bullish scenario by surpassing the barrier at 300.75, to begin recording extra gains by its rally to 310.75.

In general, the bullish scenario will remain valid, depending on the stability of the main support at 275.90, by the continuation of providing positive momentum by stochastic will increase the chances of attacking 316.80 level, and surpassing it might extend the trading towards 323.50 and 331.00.

The expected trading range for today is between 298.00 and 316.80

Trend forecast: Bullish

The EURJPY pair moves away from 182.00 support, affected by the positivity of the main indicators, attacking the barrier at 184.20 which represents %66.8 Fibonacci corrective level as appears in the above image.

Note that the continuation of the stability below the barrier that might push it to provide new bearish trading, reaching 183.40 and 182.65, while breaching the barrier and holding above it will confirm its readiness to form strong bullish waves, to expect reaching 184.80, attempting to reach the next target near 185.45.

The expected trading range for today is between 183.40 and 184.20

Trend forecast: Fluctuating

The GBPJPY pair faced negative pressures in the last trading, by providing new closes above 210.60 level, to fluctuate near 212.10, attempting to gather the required extra positive momentum to confirm the previously suggested bullish scenario.

The price needs to surpass 212.45 level, forming an intraday barrier in the last period, which allows it to form new bullish waves, to target the initial stations at 213.05 and 214.05, while its decline below 210.60 and providing negative close will force it to activate the negative movement, suffering several losses that might begin at 209.15.

The expected trading range for today is between 211.65 and 214.00

Trend forecast: Bullish

Platinum prices suffer big losses since this morning, confirming its surrender to the suggested bearish bias, to reach $1745.00, which represents an extra support against the bearish trading.

The price might be forced to provide some sideways trading, but the continuation of providing negative momentum by the main indicators might increase the chances of breaking this support to ease the mission of targeting extra negative stations that might extend to $1655.00 and $1610.00, while holding above the current support for four hours might provide an opportunity for recovering some losses by its rally towards $1860.00 reaching $1945.00.

The expected trading range for today is between $1740.00 and $1800.00

Trend forecast: Fluctuating within the bearish track.