The CADJPY ended the last bullish rally by attacking 113.40 resistance, that is located alongside 61.8%Fibonacci corrective level, which forces it to activate the scenario of gathering gains by reaching 112.75.

Despite the stability within the bullish channel’s levels, stochastic begin providing negative momentum by its exit from the overbought level, which might increase the efficiency of the bearish corrective track, to target 112.40 level reaching the next support at 112.00.

The expected trading range for today is between 122.40 and 113.10

Trend forecast: Bearish

The EURJPY pair surrendered since this morning to the bearish corrective scenario, affected by the stability of the barrier near 183.30 besides stochastic exit from the overbought level, activating the attempts of gathering the gains by reaching 182.15.

Renewing the corrective attempts to test the extra support at 181.70, attempting to gather the positive momentum to form bullish waves and recover the current losses by its rally towards 182.80, 

Waiting to breach the barrier to open the way for recording new gains that might extend towards 183.50 reaching the next main target at 184.10 in the near sessions.

The expected trading range for today is between 181.70 and 182.70

Trend forecast: Fluctuated within the bullish trend

The GBPJPY pair provided a new negative close below the resistance at 208.95, to force it to activate the attempts of gathering gains, to reach 207.35 this morning, facing negative pressures by stochastic exit from the overbought level confirms the importance of reaching extra support at 206.95.

The stability above the targeted support will reinforce the chances of forming positive attempts to target 208.10 level, reaching the mentioned main resistance, while the decline below this support and providing negative close will open the way for resuming the bearish corrective attack, which might target 206.30 and 205.80 level.

The expected trading range for today is between 206.95 and 208.20

Trend forecast: Bearish

Platinum price confirmed the bullish scenario by forming minor bullish channel, to take advantage of its support at $1665.00 besides providing bullish momentum by the main indicators, to surpass the barrier at $1695.00 and recording the previously suggested targets by hitting $1777.00.

The stability within the bullish channel levels and stochastic attempt to reach the overbought level supports the chances of resuming the bullish attack, to reach new historical gains by its rally towards $1800.00 and $1835.00.

The expected trading range for today is between $1725.00 and $1800.00

Trend forecast: Bullish