The EURJPY pair continued to provide sideways trading, in spite of the repeated negative stability below the bearish channel’s resistance at 163.05, affected by the positivity of the moving average 55, which represents a strong obstacle by holding near 161.20.

Stochastic stability below 50 level and providing negative momentum, makes us expect the beginning of forming new bearish waves that reinforces the chances for reaching below the moving average 55, then begin targeting the negative stations near 160.35 reaching the next support at 159.55.

The expected trading range for today is between 160.35 and 162.40

Trend forecast: Bearish

The GBPJPY pair provided several negative closes in its recent trading below the critical resistance at 190.10, to interact with the negativity of the main indicators by attacking 38.2% Fibonacci correction level at 188.00.

Stochastic begin providing negative momentum will increase the chances for confirming breaking 188.00 level, which allows it to form strong bearish waves, to expect reaching 186.50, then attempt to press on the barrier near 186.10, in order to find an exit to resume the negative attack in the upcoming period trading.

The expected trading range for today is between 186.50 and 188.70

Trend forecast: Bearish

Platinum price repeated providing strong positive pressures on the $972.00 level, which represents the extension of the broken bullish channel’s support, getting an advantage from its stability above the moving average 55, which increases the chances of entering the bullish channel’s levels again.

Confirming the breach makes us expect reaching 50% Fibonacci correction level at $984.00, and breaching this obstacle will extend the trading in the near period towards achieving extra gains that might begin at $994.00 and $1005.00.

The expected trading range for today is between $960.00 and $984.00

Trend forecast: Bullish