The CADJPY provided a positive signal by its rally above 50% Fibonacci correction level at 106.42, to record some of the intraday gains by hitting the 106.88 level.

Providing a new positive close above the breached barrier is important to reinforce the chances for activating with the positivity of the main indicators and begin achieving clear gains that might begin at 107.30 reaching 108.00, while the failure to confirm the breach will force it to delay the bullish attack, which forces it to decline again to 105.85 before hitting any new positive target.

The expected trading range for today is between 106.40 and 107.30

Trend forecast: Bullish

The EURJPY pair resumed the bullish attack by surpassing the barrier at 166.45, achieving the initial extra target at 167.25, forming sideways trading to catch its breath and gathering the extra positive momentum.

The stability of stochastic within the overbought level might force the price to provide some sideways trading, but the main stability within the bullish channel’s levels makes us keep the bullish suggestion, which might target 168.10 level reaching the bullish channel’s resistance at 168.90.

The expected trading range for today is between 166.70 and 168.00

Trend forecast: Bullish

The GBPJPY pair continued forming bullish trading since yesterday, taking advantage of the main stability within the bullish channel’s levels, besides surpassing the extra barrier at 195.80, approaching from the initial target level at 196.85 level.

We expect gathering the positive momentum by stochastic attempt to reach the overbought level, to reinforce the chances for targeting new bullish stations that might extend to 197.45 reaching 198.80 in the medium period trading.

The expected trading range for today is between 195.85 and 197.45

Trend forecast: Bullish

Despite Platinum price attempts to provide some positive trading, but its repeated stability below the barrier at $1275.00 level assists to motivate providing new bearish trading, attempting to decline below $1225.00, then targeting $1184.00 level, which represents the initial extra target for the near trading.

By the above image, we notice stochastic reach below 50 level, to increase the chances for gathering the required negative momentum to reach the mentioned negative stations. 

The expected trading range for today is between $1185.00 and $1260.00

Trend forecast: Bearish