Platinum price forced to provide slow sideways trading, due to the continuation of the main indicators’ contradiction, to keep its fluctuation near the $991.00 level, while the continuation of forming sold barrier at $1005.00 level will increase the chances for activating the negative track, to attack the moving average 55 at $965.00, then press on the support at $950.00.

While regaining the bullish bias requires forming a strong bullish rally, to surpass 61.8% Fibonacci correction level at to confirm its readiness to record new gains that begin at $1027.00, to confirm its readiness to record new gains that begin at $ 1027.00 and $1040.00.

The expected trading range for today is between $965.00 and $ 1000.00

Trend forecast: Bearish

The GBPJPY pair succeeded in resuming the bullish attack in yesterday’s trading by surpassing the barrier near 194.60, to notice forming a strong bullish attack, to approach from the initial extra target at 196.60.

We will depend on forming extra support at 194.60 level to increase the chances for the price activation with the positivity of the main indicators, to form a new bullish rally that targets 197.35 level reaching to 198.10 in the near period trading.

The expected trading range for today is between 194.80 and 197.00

Trend forecast: Bullish

The GBPUSD price extended its gains in its recent intraday trading, to succeed to braech a minor correctional bearish bias line on the short-term basis, accompanied by surpassing the resistance of its EMA50, surpassing its negative pressure, and reinforcing the bullish track on the intraday levels, with the emergence of the positive signals on the (RSI), noticing reaching the overbought levels, which might decrease the gains temporarily due to its neediness to offload this overbought conditions.

The USDJPY price declined in its recent intraday trading, attempting to look for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, supported by its continuous trading above its EMA50, besides the (RSI) reach to exaggerated oversold levels, which suggest the beginning of forming a positive divergence.