The CHFJPY's price benefited from its stability above 200.45 support, to begin forming bullish waves, recording some gains by its stability near 201.35.
Note that the fluctuation of the moving average 55 near the mentioned support confirms the price confinement within the bullish trend, accompanied by stochastic positivity, which makes us prefer more bullish attempts that might target 201.70 and 202.10.
The expected trading range for today is between 200.90 and 210.70
Trend forecast: Bullish
The EURJPY pair kept its positive stability above 184.80 level, forming a new bullish rally and achieving 185.70 level, which forces it to form some sideways trading due to its fluctuation below 185.85 barrier.
By the above image, we notice the attempt of stochastic to reach the overbought level, providing a chance for renewing the pressure on the current barrier, where surpassing it will confirm its readiness to record extra gains by its rally towards 186.20 and 186.60.
The expected trading range for today is between 185.25 and 186.20
Trend forecast: Bullish
The GBPJPY pair succeeded in renewing the bullish attempts, benefiting from its positive stability above 215.85 level, achieving the previously suggested extra targets by reaching 217.82 level.
The continuation of providing positive momentum by the main indicators supports the chances of resuming the bullish attempts, to expect reaching 218.10 level, attempting to reach the next target near 218.65, while the decline below 215.85 and providing negative close might force it to activate the attempts of gathering the gains by forming bearish corrective waves, to target 214.50 reaching 213.30.
The expected trading range for today is between 216.55 and 218.10
Trend forecast: Bullish
Platinum price formed some bearish waves, to settle below $1605.00 level, attempting to settle again within the minor bearish channel’s levels, to confirm the continuation of the previously suggested bearish scenario, recording initial negative target at $1570.00.
Providing negative momentum by the main indicators will increase the chances of attacking $1530.00 barrier, and surpassing it will open the way for reaching extra stations that are represented by $1510.00 reaching $1445.00
The expected trading range for today is between $1510.00 and $1630.00
Trend forecast: Bearish