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
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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.
MoreThe 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.
MorePlatinum 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.
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