Despite forming mixed sideways trading by coffee price, it didn’t affect the main bullish trend due to its stability above the main support at 275.80 besides the attempt to form extra support by the moving average 55 stability near 301.10.

We recommend waiting to begin gathering extra positive momentum to ease the mission of surpassing 337.50 level and holding above it to confirm its readiness for targeting new bullish stations that begin at 357.00 and 375.00.

The expected trading range for today is between 310.00 and 357.00

Trend forecast: Bullish

The EURJPY pair failed in breaching the barrier at 186.65, forcing it to form some corrective waves, holding near 186.10, noticing the stability within the minor bullish channel’s levels as its main support settles near 185.50 level, which makes us keep the bullish scenario and wait for breaching the barrier to ease the mission of reaching new positive stations that might begin at 186.95 and 187.60.

While the decline below the bullish channel’s support and holding below it will cancel the bullish scenario in the near trading, forcing it to suffer several losses by reaching 184.85.

The expected trading range for today is between 185.70 and 186.95

Trend forecast: Bullish

The GBPJPY pair remains affected by the contradiction of the main indicators, delaying the bullish trend and it settles near the initial support level at 217.65 level, facing the moving average 55.

Reminding you that the positive scenario will remain valid by holding above 216.55 level, which forms initial main support against the bullish attempts, therefore, we will keep waiting for gathering positive momentum to help it form bullish waves, to target 218.65 level and surpassing this barrier will extend the trading towards 219.40 reaching 220.00.

The expected trading range for today is between 217.30 and 218.65

Trend forecast: Bullish

Platinum price trading is weak, however there are negative factors represented by the stability below $1695.00 and providing negative momentum by the main indicators, which makes us keep the negative scenario, which might target $1555.00 level reaching $1515.00.

While breaching the extra barrier and holding above it will provide a chance for recording some gains by its rally towards $1735.00, to attack the resistance near $1780.00. 

The expected trading range for today is between $1515.00 and $1640.00

Trend forecast: Bearish