Coffee prices repeatedly provided positive closes above the critical support near 275.90, to notice forming several bullish waves, to settle within the minor bullish channel’s levels that its support is located near 297.35, to begin recording gains by reaching 309.10.

The stability within the bullish channel’s levels and providing positive momentum by stochastic will reinforce the chances for recording extra gains by its rally to 317.60, then attempts to press on 38.2%Fibonacci correction level at 327.40.

The expected trading range for today is between 299.00 and 317.60.

Trend forecast: Bullish

The EURJPY pair kept its stability above the breached bullish channel’s resistance, which forms an extra support at 172.10, forming a new bullish rally and its fluctuation near 173.00 level.

Note that monitoring the price behavior after achieving the target at 173.40, due to the continuation of stochastic contradiction by its fluctuations below 80 level, and surpassing this level is important to reinforce the chances for resuming the bullish attack and reaching new positive stations that might extend to 173.85 and 174.40, while activating the bearish correctional track requires a sharp decline to settle below 172.00.

The expected trading range for today is between 172.10 and 173.85.

Trend forecast: Bullish

The GBPJPY pair continued the bullish attempts by surpassing the barrier at 198.80, forming a strong bullish rally, approaching from the main initial target at 200.35 level.

Note that the main stability within the bullish channel levels and providing positive momentum by stochastic will increase the efficiency of the bullish track, surpassing 200.35 level makes us expect targeting new positive stations that might extend to 200.85 and 201.55.

The expected trading range for today is between 199.30 and 200.85.

Trend forecast: Bullish

Platinum price provided new positive signal by its rally above the barrier at$1420.00, announcing its readiness to resume the main bullish attack by hitting $1476.90 level, to form sideways fluctuation to gather the required bullish momentum in the current trading.

Note that the bullish scenario will remain valid, depending on forming a main support at $1420.00 level, the continuation of providing positive momentum by the main indicators will increase the chances of targeting $1507.00 level, to face 2.00%Fibonacci extension level.

The expected trading range for today is between $1440.00 and $1500.00.

Trend forecast: Bullish