The GBPAUD confirmed its surrender to the dominance of the bearish trend, to settle below the barrier at 2.0320 and form new bearish waves by reaching 2.000.

Note that the continuation of providing negative momentum by the main indicators, and attempt to form an extra barrier at 2.0140 level in the current trading, which will increase the chances of resuming the negative attack to reach 1.9910 then attack the extra support at 1.9860.

The expected trading range for today is between 2.0100 and 1.9910

Trend forecast: Bearish

The EURJPY pair continued forming strong positive trading, approaching the previously suggested initial main target at 179.70 level, noting that the continuation of providing bullish momentum by the main indicators will increase the chances of surpassing the current period trading to 179.70 level, to open the way of recording extra gains, forming extra main target at 180.60 level in the positive trading.

While the price failure to surpass 179.70 level might force it to provide mixed trading, and there is a chance of activating the attempts of gathering gains, forming some corrective trading to target 178.65 level reaching the support near 178.00.

The expected trading range for today is between 178.80 and 180.00

Trend forecast: Bullish

The GBPJPY pair didn’t record any new positive target since yesterday, affected by stochastic attempt to exit the overbought level, forming sideways trading to keep its fluctuation near 203.10 level.

Reminding you that the stability above the support level at 201.70 forms a main factor to confirm the bullish scenario, which makes us wait to gather bullish momentum, motivating the pressure on the barrier at 203.95 to find an exit for resuming the bullish attack in the near period and recording extra gains that might begin at 204.65 and 205.25.

The expected trading range for today is between 202.50 and 204.65

Trend forecast: Bullish

Platinum price ended yesterday’s trading by providing positive signal by its rally above the sideways track that is represented by $1605.00 level, announcing its readiness to resume the main bullish attack, to record extra gains by hitting $1625.00 level.

Note that stochastic reaching towards the overbought level will increase the chances of gathering bullish momentum to ease the mission of recording extra gains by its rally towards $1660.00 reaching the next main target at $1692.00, while the risk of changing the trend is represented by breaking the support at $1520.00.

The expected trading range for today is between $1580.00 and $1640.00

Trend forecast: Bullish