Platinum started today's trading with renewed positive momentum, as evidenced by its touch of the first additional target at $1005.00 and its subsequent consolidation near that level, confirming its adherence to a bullish scenario in both the near and medium term.

It is important to note that the additional support at $983.00 remains firm, and the alignment of key bullish momentum indicators will further increase the chances of the price resuming its upward move until it reaches the 61.8% Fibonacci retracement level at $1017.00, which will then serve as the next primary target.

Expected Trading Range for Today: Between $992.00 and $1017.00

Today's Price Forecast: Bullish

The British Pound against the Dollar (GBPUSD) retreated in its intraday trading due to the firm key resistance at 1.2985, as the pair rushed to lock in profits from its recent gains. It is also trying to shed some of its obvious bullish overbought condition indicated by the RSI—especially as a negative crossover begins to form—to consolidate positive momentum that might help it break through this resistance. This occurs amid the dominance of the primary uptrend and trading along both primary and secondary trendlines, in addition to continuous trading above its 50-day simple moving average, which provides further positive pressure.

Therefore, our forecast is for the pair to rise in the upcoming sessions, particularly if it manages to break the aforementioned resistance at 1.2985, and then immediately target the first resistance level at 1.3050. This bullish scenario remains valid as long as the support at 1.2900 holds.

• he USD/JPY pair rose in its recent sessions amid the dominance of an ascending corrective trend and trading along a trendline.
• It is supported by continuous trading above its 50-day simple moving average and positive RSI signals, despite the RSI reaching overbought territory.

• The pair is moving to complete a developing harmonic pattern, specifically the Gartley pattern.
• Therefore, our forecast indicates further gains in the upcoming sessions, targeting a resistance level of 150.10 as the endpoint of the Gartley pattern, provided that the support at 148.25 holds.
• It is worth noting that the formed Gartley pattern is inherently bearish, so close monitoring of the price is advised for any potential reversal signals.