The EURCHF price kept its negative stability below 0.9220 barrier, to confirm its readiness to resume the negative attack in the near period, the intraday sideways trading is caused by the contradiction between the main indicators, specifically by stochastic rally above 50 level, to force it to settle near 0.9125 level as appears in the above image.

Gathering the negative momentum makes us expect begin the negative trend, to target 0.9060 level initially, and breaking this barrier will extend the trading towards the next negative target at 0.8975 level.

The expected trading range for today is between 0.9060 and 0.9150

Trend forecast: Bearish

The EURJPY pair approached the target at 184.95 in its last bullish rally, to face strong resistance that represents an extension for the broken bullish channel’s support, which forces it to end the bullish attempts and form some bearish waves, to settle near 184.10.

Note that the stability below the previously mentioned resistance will confirm the beginning of activating the negative attack, targeting negative stations near 183.60 and 183.00 makes us expect gathering negative momentum. 

The expected trading range for today is between 183.00 and 184.95

Trend forecast: Bearish

The GBPJPY pair resumed the bullish rally by surpassing the barrier at 110.65, activating with the main indicators’ positivity, forming strong bullish rally and achieving the second target by reaching 212.10, to face strong barrier then form quick negative rebound towards 211.45.

Note that the stability below 212.10 by stochastic exit from the overbought level might push the price to form new bearish waves, to target 210.65 level again, while its success by breaching 212.10 will open the way for recording extra gains that might begin at 212.60 and 213.10.

The expected trading range for today is between 210.65 and 212.85

Trend forecast: Bearish

Platinum price succeeded in confirming its readiness to regain the bullish bias by surpassing the barrier at$2245.00, achieving some of the previously suggested extra targets by reaching $2348.00 level.

The stability of the price above $2245.00 level, attempting to form extra support level, attempting to provide extra positive momentum by the main indicators support the chances of resuming the bullish trend, to expect its rally towards $2365.00 reaching the next main target near $2465.00

The expected trading range for today is between $2250.00 and $2365.00

Trend forecast: Bullish