The (EURUSD) rose in its latest intraday trading, in attempt to close this price bearish gap that made in the beginning of this week trading, this rise comes with the relative strength indicators reaching exaggerated oversold levels compared to the pair move, which didn’t affect its last move in a strong positive signals, especially with the emergence of positive overlapping signals, especially with the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, the price is affected by negative technical formation that is formed on the intraday basis (rising wedge pattern).

Coffee price continued to face negative pressure, providing new positive close above the support level at 275.90, attempting to use stochastic positivity by its rally towards 300.00.

Gathering extra positive momentum is important to ease the mission of holding above 300.00, to attempt to target the barrier at 208.40, where surpassing it will open the way for forming new bullish waves, to target 317.50 and 325.00 level.

The expected trading range for today is between 295.00 and 308.40

Trend forecast: Bullish

The EURJPY pair benefited from its positive stability above 184.85 level, activating with the positivity of the main indicators and achieving extra target by reaching 186.85 on Friday’s trading.

The price needs extra momentum to settle above 186.60, announcing its readiness to resume the bullish attack, to target 187.35 and 187.75 level.

The expected trading range for today is between 185.95 and 187.35

Trend forecast: Bullish

No change for GBPJPY pair’s bullish track, due to its stability above 213.30 level, keeping its stability within the minor bullish channel levels, to notice recording 214.55 level on Friday, which forces it to provide mixed trading to reinforce the chances of gathering extra positive momentum.

Stochastic stability within the overbought level will reinforce the chances of targeting extra positive stations, to reach 215.00 to attempt to reach the next main target near 215.72, while the decline below 213.30 and providing negative close will force it to provide bearish corrective trading by reaching 212.60 and 212.05. 

The expected trading range for today is between 213.50 and 215.00

Trend forecast: Bullish