The EURJPY pair ended its last attempts with clear failure, to breach 173.50 barrier, which forces it to delay the bullish attack and begin forming bearish correctional waves, to settle near 172.90.

The price might keep forming correctional trading to gather some of the gains, to target 171.60, keeping its main stability within the bullish channel that appears in the above image, while its success in breaching the barrier and holding above it will allow it achieve more of the gains, to reach 174.25 followed by the next main target at 175.20.

The expected trading range for today is between 171.60 and 173.50

Trend forecast: Fluctuated within the bullish track

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Despite the positive momentum in the last trading, the GBPJPY pair price keeps providing weak sideways trading, affected by the stability of the barrier at 200.40, which decelerates the chances of resuming the bullish attack until this moment.

We will keep the bearish correctional track, depending on the stability of the barrier, reminding you that the correctional targets are located near 198.60 and 197.85, while breaching the barrier and holding above it will open the way for recording new gains that might extend to 201.55 reaching 161.8%Fibonacci extension level near 202.45.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish

Platinum price confirmed the stability of the bullish track by its rally above the initial barrier at $1400.00, attempting to face stochastic attempt to exit the overbought level, attempting to target more of the positive stations, to expect its rally to $1412.00, then repeat the pressure on 2.618%Fibonacci extension level near $1435.00.

The risk of delaying the rise and activating the bearish correctional track is represented by the stability of the price below $1382.00, to attack the moving average 55 reaching the extra support near $1355.00.

The expected trading range for today is between $1390.00 and$1412.00.

Trend forecast: Bullish