The price of (EURUSD) extended its gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and its moves within minor bullish channel’s range that limits its trading on the intraday levels, besides the emergence of the positive signals on the (RSI), intensifying the positive pressures around the price.

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Coffee price formed several bullish waves, reaching the initial main target at 325.00, forming a key obstacle against the attempts of resuming the bullish attack.

Note that by forming extra support at 310.00 level and stochastic attempt to provide positive momentum currently, these factors make us wait for breaching the current barrier to breach the current barrier, to open the way for recording new gains that might extend to 339.20 and 350.50. 

The expected trading range for today is between 320.00 and 339.20

Trend forecast: Bullish

Despite the stability of the EURJPY pair’s stability until this momentum within the levels on the bullish channel, but there are several negative factors that began from providing negative momentum by stochastic, and the stability below 172.00 that forms an important obstacle against the bullish trading, these factors help to confirm the dominance of the bearish correctional track, to keep waiting for targeting the initial support at 170.45, and breaking it will force the price to suffer new losses by reaching 169.45.

While regaining the bullish bias requires forming strong bullish rally, to step above 172.00, attacking the resistance at 173.40 to find an exit to achieve new gains in the upcoming period trading.

The expected trading range for today is between 170.45 and 172.60

Trend forecast: Bearish

The GBPJPY provided new negative close below the resistance at 200.50, to confirm delaying the attempts of resuming the bullish attack and begin activating the bearish correctional track by its stability near 199.30.

The price needs an extra negative momentum to ease the mission of pressing on 198.80 level, confirming breaking it will open the way for reaching correctional stations at 197.95 and 197.35 level.

The expected trading range for today is between 197.95 and 199.80

Trend forecast: Bearish