The EURGBP confirmed its surrender to the bearish bias dominance by moving away from 0.8735 level, forming several bearish waves, to press on the initial support at 0.8650, forming the previously waited initial target.

The stability of the moving average 55 above the current trading increases the chances of gathering the required extra negative momentum for breaking the current support, to open the way for targeting new bearish stations that might extend towards 0.8630 and 0.8600.

The expected trading range for today is between 0.8600 and 9.8670

Trend forecast: Bearish

The EURJPY pair succeeded in surpassing 184.70 level, which forms the bullish channel’s support, to confirm regaining the bullish trend, to begin recording some gains by reaching 185.25 level, approaching the previously suggested initial main target.

Providing a new close above the bullish channel’s support is required to activate with the main indicators positivity, by surpassing 185.40 level and begin targeting new bullish stations by its rally towards 185.65 and 185.95.

The expected trading range for today is between 184.80 and 185.95

Trend forecast: Bullish

The GBPJPY pair formed strong bullish rally since morning, taking advantage of its positive stability within the bullish channel’s levels, besides forming strong extra support at 212.75 level, surpassing the suggested targets in the previous report and its stability near 214.00.

Providing bullish momentum by the main indicators supports the chances of resuming the bullish attempts, and surpassing %2.00 Fibonacci extension level at 214.15 makes us expect reaching the next main target near 214.90, approaching the resistance of the bullish channel.

The expected trading range for today is between 212.70 and 214.90

Trend forecast: Bullish

Platinum price remains stable until this momentum within the bullish track, due to the continuation of forming initial support at $2235.00, its neediness to the bullish momentum pushed it to provide weak sideways trading by the continued fluctuation near $2325.00 level without recording any positive level since yesterday.

In general, we will keep our bullish suggestion in the near period trading, confirming the importance of gathering the bullish momentum, to reinforce the chances of its rally towards $2380.00 then attempt to breach $2415.00 and $2465.00 level, to open the way towards new historical stations in the upcoming period.

The expected trading range for today is between $2265.00 and $2415.00

Trend forecast: Bullish