The GBPCHF price confirmed its surrender to the supported bearish scenario by its stability within the bearish channel’s levels, providing several closes below 23.6%Fibonacci correction level at 1.0865, and forming several bearish waves to settle near 1.0785.

Forming extra barrier at 1.0825 level to increase the efficiency of the bearish track, to expect targeting new bearish stations that might begin at 1.0755 and 1.0720.

The expected trading range for today is between 1.0810 and 1.0720

Trend forecast: Bearish

The EURJPY pair remains stable until this moment below the resistance of the bullish channel at 172.05, announcing the attempt of activating the bearish correctional track and beginning to gather the gains before resuming the main bullish attack. Stochastic exit from the overbought level will increase the chances of reaching 170.50, to attempt to test the extra support near 169.75.

While the price success to breach the resistance and hold above it, will open the way towards resuming the bullish attack, to expect recording extra gains that might extend in the initial period to 172.85 reaching 161.8%Fibonacci extended level at 173.45.

The expected trading range for today is between 175.50 and 172.10 

Trend forecast: Bearish

The GBPJPY pair began forming bullish wave achieving 199.45 level, but the contradiction of the main indicators and forming an extra barrier might reduce the chances of resuming the bullish attack in the current period.

The stability of the price below the extra barrier, we will begin preferring the bearish correctional trading, which might target 198.20 level reaching 61.8%Fibonacci correction level near 197.45, forming an important support against the upcoming trading, while its success to breach the barrier and holding above it will increase the chances for achieving extra gains that might begin at 200.35 reaching 201.55.

The expected trading range for today is between 198.20 and 199.45

Trend forecast: Bearish

Platinum price repeated forming sideways fluctuation, attempting to reduce the intraday negative effect that comes from stochastic to the oversold level, leaning near the barrier at $1366.00.

Note that stability of the price in the current period above the initial support near $1333.00, reinforcing the chances for gathering the required positive momentum to breach the current barrier, to attempt to achieve several gains by its rally to $1392.00 and $1420.00.

The expected trading range for today is between $1340.00 and $1392.00

Trend forecast: Bullish