The EURGBP continued to provide bullish corrective waves, to reach the target at 8550.00, note that holding below 0.8570 besides reaching the overbought levels by stochastic confirms the beginning of surpassing the positive pressures, to expect renewing the negative trading soon, to attempt to reach 0.8525 and 0.8500.

While breaching the mentioned barrier and holding above it will cancel the negative scenario in the current trading, providing a chance for recovering more losses by its rally gradually towards 0.8585 and 0.8610.

The expected trading range for today is between 0.8500 and 0.8555

Trend forecast: Bearish

The EURJPY pair succeeded in achieving the initial target at 186.65, which represents an extra barrier against the bullish rally, forcing it to provide some sideways trading by its fluctuation near 186.40 level.

Note that the bullish scenario will remain valid if the current main support settles at 184.30, beside providing new support at 186.00 by the main indicators, these factors make us wait for breaching the current barrier, to reinforce the chances of recording extra gains that might extend towards 186.95 reaching 187.60, attacking key resistance to detect the expected main trend in the upcoming trading.

The expected trading range for today is between 185.90 and 186.95

Trend forecast: Bullish

The pair’s price remains affected by conflicting signals from the main indicators, forcing it to trade sideways with repeated fluctuations below the 218.60 level, which currently represents a temporary barrier against further bullish momentum. As a result, the price has entered a new sideways range, settling near the 218.00 level.

We reiterate that the bullish scenario remains valid as long as the support level at 216.75 holds. Furthermore, the continued formation of 217.50 as additional support leads us to expect the price to gather positive momentum, enabling it to break above the barrier and then reach the next bullish targets, which may begin at 219.40 and 220.00.

The expected trading range for today is between 217.85 and 219.40

Trend forecast: Bullish

The platinum price ended its recent positive momentum after hitting $1690.00 level, which acted as an additional barrier against the bullish corrective scenario. The price has been forming negative waves since yesterday, currently settling near $1580.00.

The price’s attempt to remain below the $1605.00 level, coupled with the main indicators showing negative momentum, supports the chances of the bearish trend taking control. We expect the price to reach the $1555.00 level, followed by an attempt to reach the next target, near $1515.00.

The expected trading range for today is between $1515.00 and$1620.00

Trend forecast: Bearish