EURCHF resisted the negative factors in its last trading, supported by forming a %100 Fibonacci extension level for a strong level of 0.8980, to activate the bullish corrective trend, reaching 0.9235 approaching the main resistance at 0.9310.

Providing extra positive momentum by the main indicators and forming extra support at 0.9145, these factors make us prefer more bullish corrective attempts, which might target 0.9310 resistance, and surpassing it might provide a chance for moving to the bullish trend. 

The expected trading range for today is between 0.9165 and 0.9310

Trend forecast: Bullish

The EURJPY pair repeatedly provided weak sideways trading, as it is confined between 184.80 and 185.45, which forms confirmation key for the near and medium trading.

The contradiction of the main indicators supports the temporary sideways bias dominance, which makes us stay neutral until surpassing one of the previously mentioned levels, if the price manages to breach 184.45 level and holding above it will confirm its move to a new positive phase, to attempt to achieve extra gains that might extend towards 186.00 and 186.65, while reaching below 148.80 will turn the bearish corrective track, forming an initial negative targets at 184.30 level.

The expected trading range for today is between 184.80 and 185.45

Trend forecast: Neutral

The GBPJPY pair ended yesterday’s trading by providing a new negative close below the resistance of 213.30, to increase the chances of activating the previously suggested bearish corrective track. The price needs a new negative momentum, to pave the way for reaching 212.00 level, to begin targeting the corrective stations that are located near 211.50 and 210.60.

The price rally above the previously mentioned resistance and holding above it will confirm its movement to the bullish trend, due to its stability within the minor bullish channel’s levels, to expect recording several gains that might begin at 214.10.

The expected trading range for today is between 211.50 and 213.30

Trend forecast: Bearish

Platinum price forced to provide mixed trading after reaching $2093.00 level, due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level, however, this won’t affect the bullish scenario due to its stability above the moving average 55, reinforcing the stability of the extra support at $1950.00.

Gathering extra positive momentum is important for breaching $2080.00 barrier, to begin targeting new positive stations that might begin at $2130.00 reaching the next resistance at $2205.00.

The expected trading range for today is between $1970.00 and $2130.00

Trend forecast: Bullish