Coffee price had to postpone the bullish rally by crawling below 406.00 level recently, to form mixed sideways trades by settling near 385.00 now, noting that the main stability above the bullish channel’s support line at 366.00 and stochastic attempt to provide the positive momentum allow us to keep the bullish overview, to target 406.00 as a first station, while surpassing it might extend trades towards the next main target at 426.00.

The expected trading range for today is between 375.00 and 406.00

Trend forecast: Bullish

The EURJPY pair formed new decline yesterday to achieve the first negative target at 160.00, forming new additional support line, to push it to form temporary positive rebound and settle near 161.05.

Now, stochastic attempt to provide the negative momentum and the stability of 161.60 barrier allow us to keep the negative overview, waiting to attack 160.00 level again, while breaking it will open the way to target new negative stations that might extend towards 159.30 and 158.85 levels.

The expected trading range for today is between 160.00 and 161.60

Trend forecast: Bearish

The GBPJPY pair ended the recent sideways fluctuation by providing positive close above the additional support at 190.60, to start reacting to stochastic positivity by rallying towards 192.30 now and reinforce the chances of renewing the bullish attempts.

Facing continuous positive pressures will assist to target 50% Fibonacci correction level at 193.25 soon, and breaching this barrier will confirm its preparation to achieve additional gains by rallying towards 193.80 and 194.40 levels.

The expected trading range for today is between 191.20 and 193.25

Trend forecast: Bullish

Platinum price confirmed its surrender to the domination of the bullish bias by rallying above 50% Fibonacci correction level at 983.00$ yesterday, to notice forming new bullish waves and achieve the target at 998.00$.

The frequent stability above 983.00$ and the major indicators that provide the positive momentum will increase the efficiency of the bullish rally, to keep waiting to target new positive stations by targeting 1005.00$ followed by reaching the next barrier at 1017.00$.

The expected trading range for today is between 983.00$ and 1005.00$

Trend forecast: Bullish