The USDJPY pair shows sideways trades since yesterday, moving near the bullish channel’s support line now, waiting to get positive momentum that assist to push the price to resume the main bullish trend, which targets 132.00 areas mainly.

In general, the bullish trend scenario will remain active for the upcoming period conditioned by the price stability above 129.60 and the most important above 129.10.

The expected trading range for today is between 129.50 support and 130.80 resistance

The expected trend for today: Bullish

The GBPUSD pair faced negative pressure yesterday to break 1.2540 level and settles below it, which pushes the price to resume the main bearish wave, on its way to achieve negative targets that start at 1.2410 and extend to 1.2300.

Therefore, we expect to witness more expected decline in the upcoming sessions unless the price rallied to breach 1.2570 and hold above it.

The expected trading range for today is between 1.2430 support and 1.2590 resistance.

The expected trend for today: Bearish

The EURUSD pair provided negative trades yesterday to test 1.0500 barrier, reinforcing the expectations of continuing the bearish trend, which its next main target located at 1.0450.

Stochastic current positivity might cause some sideways fluctuation before resuming the expected bearish trend, which gets continuous support by the EMA50, noting that breaching 1.0580 will lead the price to achieve intraday bullish correction before turning back to decline again.

The expected trading range for today is between 1.0430 support and 1.0580 resistance.

The expected trend for today: Bearish

Platinum price keeps the bullish track, due to providing a new positive close above the support at 910.00, to increase the chances for targeting positive levels that might begin at 955.00 reaching to the barrier at 1005.00.

Note that facing new negative pressures and breaking the mentioned support and providing negative close below it confirms its move to the bearish track, to expect suffering big losses by reaching 855.00.

The expected trading range for today is between 900.00 and 95000

The expected trend for today: Bullish