Platinum price continued to form negative trading to reach 890.00$, to begin decreasing the losses by its rebound above the support at 900.00$ level, which represents a historical support as appears in the above image, recovering some of the losses by its stability near 933.00.

Note that the price stability below the broken bullish channel’s support at 958.00$, which forms a main factor to confirm the negative scenario, therefore, we will keep waiting for gathering extra negative momentum, attempting to renew the pressure on the mentioned historical support, while breaking it will extend the losses towards 858.00$ and 880.00$. 

The expected trading range for today is between 880.00$ and 945.00$

Trend forecast: Bearish

The (EURUSD) price experienced fluctuating trading in the last few hours,   the pair finds significant technical support at the 1,0945 level. This stopped the bearish correctional wave,  the necessary positive momentum could be drawn to resume the upward path.

The current movements are still dominated by an upward bias, supported by the price trading along an ascending trendline. Additionally, we notice that the (RSI) reached highly oversold levels, exaggerated compared to the price movement, with a positive overlapping move, suggesting a potential positive divergence, which strengthens the chances of a recovery.

The GBPUSD price moved upward in the last intraday trading, supported by the key support level at 1,2865, which helped the price gain a bullish momentum, especially after a positive overlapping signal from the (RSI).

This positive technical shift comes within the context of a primary upward trend on the short-term, aligned with an ascending trendline, supporting the chances of further upward movement. However, there are still technical pressures that may limit the pair’s ability to fully recover, due to its continued trading below the EMA50. 

The USDJPY price rises in its recent intraday trading, attempting to recover some of the losses it incurred at the start of the week. It began trading with a downward price gap, reflecting continued selling pressure and a dominant bearish trend.

This negative trend is reinforced by the pressure that came from trading below the EMA50, confirming a continued short-term bearish bias. Also, we notice that the Relative Strength Index (RSI) has entered excessively overbought levels compared to the actual price movement, which suggests a potential formation of negative divergence, increasing the likelihood of further selling pressure on the pair in the upcoming sessions.