The EURJPY pair formed strong negative wave yesterday to press on 120.00 level that represents the main door to regain the bearish bias again, while confirming the negativity urges us to wait to get negative close below the current obstacle followed by waiting to start recording many negative targets by reaching 119.10 followed by 118.40 levels.
Note that stochastic continuous fluctuation around 20 level will increase the chances of gathering negative momentum today to ease the mission of achieving the required break.
The expected trading range for today is between 120.50 and 119.10
The expected trend for today: Bearish
The GBPJPY pair continued to provide sideways trading around 140.25 level, while its main stability within the bullish channel and stochastic beginning of providing new positive momentum by rallying above 50 level will increase the chances of forming bullish rally to attempt to breach 141.50 barrier and open the way to record new targets that might start at 143.85.
The expected trading range for today is between 139.25 and 141.50
The expected trend for today: Bullish
The negative pressure effect continued on Platinum price, to notice the continuation of the negative crawling and recording 863.00 yesterday, while the continuation of the negative momentum coming by the major indicators besides 915.00 level forming barrier against the current trades allow us to expect moving towards 840.00 to press on the key support and form the major target of the current trades.
The expected trading range for today is between 890.00 and 840.00
The expected trend for today: Bearish