|
The GBPCHF breaches a key barrier– Forecast today – 5-12-2025
GBPCHF activated the bullish scenario in its last trading by surpassing key barrier that is represented by 1.0670 level, to begin achieving some gains by its rally towards the moving average 55 at 1.0715.
Forming extra support at 1.0670 level and stochastic attempt to provide bullish momentum by its rally towards overbought level, forming new bullish wave to reach 1.0750 by gathering bullish momentum, which will pave the way for reaching the next main target near 1.0800.
The expected trading range for today is between 1.0680 and 1.0750
Trend forecast: Bullish
The EURJPY surrenders to the stability of the barrier– Forecast today – 5-12-2025
The EURJPY pair provided a new negative close below 181.70 barrier, to confirm delaying the bullish rally, activating with stochastic negativity by forming corrective waves and its stability near 180.10.
This corrective decline will not threaten the main bullish scenario, depending on the continuation of forming current support at 179.40 level, therefore, we will keep waiting for gathering bullish momentum to help it to form new bullish waves, to renew the pressure on the barrier and find an exit for achieving new gains in the upcoming period.
The expected trading range for today is between 179.65 and 181.70
Trend forecast: Bullish
The GBPJPY is gathering gains– Forecast today – 5-12-2025
The GBPJPY pair failed to settle above 206.90 level, which forces it to form corrective trading and begin gathering gains by reaching 206.30.
In general, the stability within the bullish channel’s levels and forming initial main support at 205.20 level make us wait for gathering extra bullish momentum, which allows it to renew the bullish attempts and reach extra stations near 207.65 and 208.20.
The expected trading range for today is between 205.80 and 207.65
Trend forecast: Bullish
Platinum price repeats the sideways fluctuation– Forecast today – 5-12-2025
No news for platinum price until this moment, providing weak sideways trading by its stability near$1650.00, due to the continuation of the main indicators’ contradiction, specifically by stochastic reaching below 50 level.
The sideways trading might continue for today, but the stability above the extra support at $1605.00 forms extra factor to confirm the dominance of the bullish track, therefore we will keep waiting to gather extra bullish momentum to surpass the $1695.00 level, then begin recording extra gains by reaching $1715.00.
The expected trading range for today is between $1620.000 and $1695.00
Trend forecast: Bullish