Coffee price provided new positive close recently by rallying above 239.10 level, to form new support against the bullish trades and notice achieving new positive target by reaching 247.50.

The continuous stability of the mentioned support and stochastic attempt to provide the positive momentum allow us to suggest more rise in the near term basis, waiting to reach 252.00 level, followed by attempting to touch the bullish channel’s resistance at 263.65.

The expected trading range for today is between 239.00 and 252.00

The expected trend for today: Bullish

Nikkei index stability below 30750.00 resistance hints its preparation to start the correctional bearish attack, to settle near 29525.00 level as appears on the chart.

Stochastic attempt to exit from the overbought areas forms the major factor to provide the additional negative momentum, to increase the chances of recording the correctional targets near 28200.00 followed by 26300.00.

The expected trading range for today is between 30200.00 and 28200.00

The expected trend for today: Bearish

The EURJPY pair started to get the additional positive momentum by stochastic rally above 50 level, to reinforce the domination of the previously expected bullish bias, noticing its fluctuation near 129.40 level, also, the stability of the additional support at 128.65 forms major factor to reinforce the bullish track, to keep waiting to attack 129.90 barrier, while surpassing it will push the price to target new levels that might start at 130.40 and 130.90.

The expected trading range for today is between 128.90 and 129.90

The expected trend for today: Bullish

No news for the GBPJPY pair that keeps fluctuating below 154.50 barrier that forms the major factor to confirm the domination of the correctional bearish bias, thus, we will keep waiting to gather the additional negative momentum to ease the mission of achieving the correctional targets around 152.80 and 152.00.

The expected trading range for today is between 154.50 and 152.80

The expected trend for today: Bearish