The GBPCAD ended the last bullish rally by facing strong barrier near1.8670, obstructing the chances of recording any extra gains, forming sideways fluctuation by its stability near 1.8640.

The stability below the current barrier might increase the chances of activating the bearish corrective trend, to begin targeting some bearish stations by reaching 1.8570 followed by the extra support near 1.8510, while activating the bullish trend requires a strong bullish rally to settle above 1.8690 level.

The expected trading range for today is between 1.8570 and 1.8670

Trend forecast: Bearish

The EURJPY pair faces difficulty in resuming the bullish attempts by forming a new obstacle at 186.00 level, to form some sideways trading by its stability near 185.85 affected by stochastic exit from the overbought levels.

Reminding you that the continuation of forming extra support at 184.85 level supports the chances of activating the bullish trend in the near period, therefore, we will keep waiting for confirming breaching 186.00 level, to ease the mission of recording extra gains that might extend to 186.65 and 187.10. 

The expected trading range for today is between 185.40 and 186.65

Trend forecast: Bullish

The GBPJPY pair formed several bullish waves, benefiting from its main stability above 213.50 support, recording 215.50 level, forcing it to form some sideways trading as it represents an intraday barrier against the bullish trend.

The price might be forced to provide some mixed trading, to keep waiting to gather extra positive momentum, to ease the mission of achieving extra gains by its rally towards the next barrier at 216.10, which represents a confirmation key for the main trend in the futuristic trading.

The expected trading range for today is between 214.75 and 216.10

Trend forecast: Bullish

There is no change for Platinum price’s trading by its stability in sideways range near $1930.00 level, due to the contradiction of the main indicators, especially by forming a key barrier by the moving average 55 stability at $2000.00 level.

While the positive stability above the current support level at $1865.00 makes us wait for gathering positive momentum in the current trading, which allows it to surpass the moving average 55 and reaching the next positive target near $2080.00.

The expected trading range for today is between $1890.00 and $2000.00

Trend forecast: Bullish