The EURNZD ended the correctional decline after testing the top level of the support base by hitting 1.9280 level, forming a strong bullish rally to notice reaching 1.9420.

We expect to form a strong extra support at the 1.9345 level and provide positive momentum by the positive momentum makes the price resume the bullish attempts to reach 1.9480 and surpassing it will extend the trading directly to the next positive target near 1.9530.

The expected trading range for today is between 1.9360 and 1.9480

Trend forecast: Bullish

The EURJPY pair confirmed the stability of the bullish track by its rally above 170.45 level yesterday, which allows it to record several gains by reaching 172.30 as appears in the above image. The 170.45 level will remain the line between the return of the bearish correctional track or resuming the main bullish attack, to expect providing positive momentum by stochastic, in attempt to target 172.80 level, to repeat the pressure on the resistance at 173.45.

The expected trading range for today is between 171.40 and 172.80

Trend forecast: Bullish by the stability of 170.45

The GBPJPY pair took advantage of providing positive momentum by stochastic to bounce again above 61.8%Fibonacci correction level at 197.50, forming a strong bullish rally and achieving 199.50 level.

Noticing the attempt of testing the support of the bullish channel that is represented by 198.70 level, confirming that holding above it is important to increase the chances for forming new bullish waves to target 199.80 level, reaching the next main target at 200.35, while breaking the current support will confirm the instability of the price and there is a chance for a decline towards 198.10 before any attempt to record any of the suggested targets.

The expected trading range for today is between 198.70 and 199.80

Trend forecast: Bullish

Platinum price confirmed its surrender to the bearish correctional bias dominance by providing a new negative close below the resistance at $1376.00, forming a new decline and hitting the initial extra target by reaching $1270.00.

Stochastic reach to the oversold level might force the price to provide more of the negative trading, which might target $1252.00 level reaching the base of the next support that is represented by $1215.00 level, while the price rally above $1332.00 might assist renewing the bullish attempts until reaching the mentioned resistance, forming a key for renewing the main trend of the upcoming trading.

The expected trading range for today is between $1252.00 and $1300.00

Trend forecast: Bearish