The EURGBP attempted to reduce the previously achieved losses by forming bullish corrective waves, to settle near 0.8700, maneuvering EMA50 as appears in the above image.

Note that the negative stability below 0.8740 barrier forms a main factor to confirm the continuation of the negativity in the upcoming trading, besides stochastic decline below 50 level will provide negative momentum, to keep our bearish expectations which might target 0.8670 and 0.8655 level.

The expected trading range for today is between 0.8670 and 0.8715

Trend forecast: Bearish

The EURJPY pair approached the initial positive target in yesterday’s trading at 182.60, activating with stochastic negativity, forming some bearish waves to approach 180.85 support.

Noting that the suggested scenario remains valid depending on the strength of the current support, holding above it will increase the chances of recording several gains by its rally towards 183.35, while breaking the support and holding below it will open the way for activating the negative track again, to form initial target at 180.10 level.

The expected trading range for today is between 181.00 and 182.60

Trend forecast: Bullish

The GBPJPY pair ended the last trading by providing new negative close below 209.15 barrier, to confirm the continuation of the negative scenario, leaning near 208.20 level.

Providing negative momentum by the main indicators supports the negative scenario, to keep waiting for reaching the initial target at 207.60, to attempt to attack %50 Fibonacci correction level at 207.05, representing a key for detecting the targeting of the upcoming trading.

The expected trading range for today is between 207.05 and 208.85

Trend forecast: Bearish

Platinum price forced to provide slow trading in the last period due to the continuation of the main indicators’ contradiction, especially with the stability of moving average 55 below the current trading, to form an intraday support at $1910.00 level.

In general, we will keep preferring the bearish corrective scenario, depending on the stability at $2245.00 and the continuation of the bearish momentum by stochastic, we will keep waiting for extra support at $1950.00 and breaking it might extend the losses directly towards $1880.00 reaching the next support at $1785.00.

The expected trading range for today is between $1950.00 and $2100.00

Trend forecast: Bearish