The GBPCAD surrendered to the bearish corrective bias dominance by providing several negative closes below the broken bullish channel’s support at 1.8590, suffering some losses by its stability near 1.8425.

Facing negative pressures will push it to form new bearish waves, to expect reaching 1.8325, where breaking the barrier might extend the losses directly towards 1.8270 and 1.8210 directly.

The expected trading range for today is between 1.8270 and 1.8470

Trend forecast: Bearish

The EURJPY pair took advantage from forming strong extra support at 186.00 level, forming bullish waves since yesterday, to record clear gains by reaching 187.40.

The continuation of providing positive momentum by the main indicators will help it to resume the bullish trend. Surpassing the barrier at 187.75 and holding above it makes us expect reaching new positive stations that might begin at 188.30 and 188.80.

The expected trading range for today is between 186.90 and 188.30

Trend forecast: Bullish

The GBPJPY pair confirmed breaching 215.70, activating with the positivity of the main indicators and recording clear gains by their approach from the main initial target at 216.40.

No escape from resuming the bullish trend, to expect recording extra gains by its rally towards 217.20, which forms an extension for a key resistance as appears in the above image, note that the risk of changing the trend is represented by breaking the minor bullish channel’s support at 215.30.

The expected trading range for today is between 215.60 and 217.20

Trend forecast: Bullish

Platinum price began this morning with clear positive trading, to form extra support at $1865.00 level, recovering some losses by its stability near $1915.00 level.

The stability above $1865.00 level might help to activate the bullish attempts in the near period, which might target $1960.00 and $1985.00 level, while the decline below the extra support will open the way for targeting new corrective stations by reaching $1825.00 followed by the next target at $1775.00.

The expected trading range for today is between $1865.00 and $1940.00

Trend forecast: Bullish