The CHFJPY price took advantage of the positive momentum provided by stochastic to continue pressing on 50% Fibonacci correction level that forms key barrier at 172.65, attempting to find a way to resume the bullish attempts and record additional gains in the upcoming period.

The price might form some sideways trades to keep waiting to achieve the required breach and open the way to reach 173.50 level, while surpassing it will push the price towards 174.40 as a next main target.

The expected trading range for today is between 171.95 and 173.50

Trend forecast: Bullish

The EURJPY pair ended the bullish rally by facing key barrier at 162.40, achieving all the previously waited targets followed by starting to form negative rebound to settle near 161.85 now.

We notice the MA55 consolidation above the current barrier to increase its strength against the bullish trades and reinforce the chances of activating the correctional bearish track, to expect targeting 161.10 followed by 160.25 levels.

The expected trading range for today is between 161.10 and 162.40

Trend forecast: Bearish

The GBPJPY pair ended its recent bullish rally by touching 195.85 level, achieving the previously waited main target followed by bouncing negatively due to forming solid barrier at this level against the bullish attempts.

The frequent stability below the current barrier allows us to return to suggest the negative trades, to expect targeting the MA55 first at 194.00 followed by attempting to press on 192.90 support line, while breaching the barrier and holding above it will open the way to record new gains that might extend towards 197.25.

The expected trading range for today is between 194.00 and 195.80

Trend forecast: Bearish

Platinum price repeated touching 920.00$ support line followed by forming temporary positive rebound towards 934.00$, affected by the intraday positivity provided by stochastic.

We remind you that the frequent negative stability below 950.00$ additional barrier supports our bearish overview, to keep waiting to gather the required additional negative momentum to reinforce the chances of breaking 920.00$ and start targeting new negative stations by crawling towards 905.00$ and 888.00$ first.

The expected trading range for today is between 905.00$ and 950.00$

Trend forecast: Bearish