The CHFJPY reached a %2.00 Fibonacci extension level at 204.20 in its last bullish rally, forming a strong barrier to force it to form some corrective waves by targeting 203.70 level recently.

Note that holding below the main barrier and by stochastic attempt to provide negative momentum by its fluctuation below 50 level, these factors support the chances of forming new bearish waves, reaching 203.60 to attempt to reach the initial support near 203.20.

The expected trading range for today is between 203.20 and 204.20

Trend forecast: Bearish

No news for EURJPY pair’s price due to its neediness to the positive momentum by providing sideways trading by its stability near 187.00, confirming that gathering positive momentum is important to allow it to surpass 187.50 level, to open the way for resuming the bullish trend, to expect targeting 188.35 and 188.80 level.

The continuation of the main indicators’ contradiction might force it to delay the bullish trend and form some corrective trading, which force it to suffer some losses by reaching 186.10 and 185.65 before any attempt to reach the previously suggested taregts.

The expected trading range for today is between 186.40 and 187.50

Trend forecast: Fluctuated within the bullish trend

The GBPJPY pair ended yesterday’s trading by reaching 215.40 level, which forces it to form sideways trading attempting to gather the required extra positive momentum to confirm the continuation of the positivity in the near and medium period, reminding you that the stability above the extra support at 214.10 is important to avoid the attempts of delaying the bullish trend, reminding you that the stability of the current positive targets near 216.40 level reaching 217.60.

While facing negative pressure might force it to reach below 214.10, to begin forming bearish corrective waves, expecting to reach the initial main support at 213.30. 

The expected trading range for today is between 214.70 and 215.40

Trend forecast: Bullish

Platinum price formed some bearish corrective waves, to approach from the moving average 55 at $1996.00, rebounding towards $2070.00 this morning, attempting to confirm the continuation of the previously suggested bullish scenario.

Note that the main stability above the initial main support at $1950.00 makes us wait for gathering positive momentum to renew the bullish attempts, to target 2135.00 level reaching the next main target at $2205.00.

The expected trading range for today is between $2000.00 and $2135.00

Trend forecast: Bullish