The GBPCAD confirmed regaining the bullish track by providing several positive closes above the bullish channel’s support at 1.8560, activating with the main indicators’ positivity and recording clear gains by reaching 1.8690.
No escape from resuming the bullish track, providing positive momentum makes us expect to begin targeting new positive stations that might begin at 1.8745 and 1.8810.
The expected trading range for today is between 1.8650 and 1.8745
Trend forecast: Bullish
The EURJPY pair was forced to provide intraday sideways trading, affected by forming extra barrier at 187.50 level against the bullish attempts, fluctuating near 187.20 level, the price needs a new bullish momentum to ease the mission of surpassing the current barrier and begin recording extra gains by its rally towards 187.75 and 188.35.
MoreThe GBPJPY pair ended the last bullish rally by reaching 215.77 level, to face %100 Fibonacci extension level, which might form an intraday obstacle against the bullish attempts, to force it form some mixed trading before resuming the bullish trend, and there is a chance for retesting 214.55 level.
MorePlatinum price confirmed its surrender to the bullish scenario by its stability yesterday above $2070.00 level, to form a new bullish rally and recording some previously suggested gains by reaching $2145.00 level.
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