The EURGBP formed a new bearish trend, taking advantage of reaching below 0.8610 level, holding near the initial main target at 0.8565 level.

The main stability within the bearish channel’s levels and the continuation of the negative momentum by the main indicators will increase the efficiency of the bearish trend, to expect the attempt of targeting 0.8540 level, reaching the bearish channel’s support at 0.8520. 

The expected trading range for today is between 0.8540 and 0.8580

Trend forecast: Bearish

The EURJPY pair failed to breach the barrier at 185.80, forcing it to provide negative trading, to reach %50 Fibonacci corrective level near 184.85, to begin forming sideways trading to reinforce the chances of gaining extra positive momentum.

Reminding you that the bullish scenario will remain valid, depending on the continuation of forming main support at 184.20 level, making us keep the bullish scenario by the attempt of targeting 185.30 level, to repeat the attempts of pressing on the previously mentioned barrier, while breaking the main support and holding below it will confirm its move to the negative trend, forcing it to suffer several losses by reaching 183.70 initially.

The expected trading range for today is between 184.600 and 185.80

Trend forecast: Bullish

The GBPJPY pair kept its positive stability by holding above 214.50 support, recording some extra gains by reaching 216.05 level. The attempts to hold above 215.55 level and provide positive momentum by the main indicators will increase the chances of forming new bullish waves reaching 216.05 level and reaching the main next target near 217.60.

While the return of holding below the previously mentioned support will cancel the bullish scenario, forcing it to provide strong bearish trading, forcing it to suffer several losses by reaching 213.50 and 212.70.

The expected trading range for today is between 215.00 and 216.40

Trend forecast: Bullish

There is no change for Platinum price’s track by its stability within the minor bearish channel’s levels, depending on the stability of its resistance that is located at $1665.00, besides the main stability below $178000 barrier confirms the continuation of the previously suggested negativity, therefore, we will keep waiting for gathering extra negative momentum, allowing it to reach the initial target near $1510.00, and surpassing it will extend the trading directly towards $1480.00 and $1435.00.

While the price rally above $1780.00 and providing a positive close will force it to delay the negative moves, to provide a chances for achieving some gains by its rally towards $1810.00 and $1865.00.

The expected trading range for today is between $1510.00 and $1650.00

Trend forecast: Bearish