Platinum price ended its positive rebound by providing new negative close below the bearish channel’s resistance at 813.00, to confirm the preparation to form new negative trades, also, the stability of the moving average 55 above the current resistance confirms blocking the price within the negative range, to increase the chances of reaching 765.00 followed by 748.00 levels.

Also, stochastic decline below 50 level reinforces our bearish overview for the near term and medium term trading, to provide the price with additional negative momentum until achieving the mentioned targets.

Expected trading range for today is between 810.00 and 765.00

Expected trend for today: Bearish

The GBPJPY pair hinted keeping the correctional bullish attempts by holding above 146.00 level that forms additional support now, thus, we will keep waiting to form new bullish trades to manage to reach the main bearish channel’s resistance at 147.80 followed by monitoring the price behavior due to the importance of this level to detect the next main trend.

We should note that crawling below the current support and providing negative close will confirm regaining the bearish bias, to start forming strong negative trades and target 145.20 followed by 143.00 levels.

Expected trading range for today is between 146.00 and 147.85

Expected trend for today: Bullish temporarily

The EURJPY pair formed intraday negative rebound, attempting to take a breath before resuming the bullish attack, to settle around 130.10 level, reminding you that the bullish scenario depends on the stability of 128.80 support, allowing us to wait to gather new positive momentum followed by repeating the attempts to reach 131.10 followed by 131.85 levels.

We will depend on 129.80 level forming additional support to increase the chances of gathering the positive momentum followed by starting to target the mentioned positive levels.

Expected trading range for today is between 129.90 and 131.10

Expected trend for today: Bullish

Coffee contracts price kept its negative stability below the key resistance at 112.25, to repeat the pressure on the initial support at 101.15, attempting to move into new negative track, expecting to gather new negative momentum to reach 96.20 level, followed by moving towards the first main target at 90.75.

Stochastic forms new negative wave to reinforce the negative overview by attempting to provide new negative momentum, to increase the chances of reaching the waited targets.

Expected trading range for today is between 105.00 and 96.20

Expected trend for today: Bearish