Despite the weakness of the CADJPY last trading, its fluctuation above the extra support at 105.90 forms a main factor to motivate the bullish track again, the price success by gathering the positive momentum will ease the mission of attacking the resistance at 107.60, and surpassing it will open the way for recording new gains that might extend to 108.10 and 108.75.

While the price decline below the current support and providing daily close below it will confirm its move to the negative track, which forces it to suffer several losses by reaching 105.55 and 105.05.

The expected trading range for today is between 106.00 and 107.60

Trend forecast: Bullish

The EURJPY pair took advantage of the extra positive momentum due to stochastic reach to the overbought level, noticing by the above image the price attempt to breach the barrier at 173.50, to confirm the continuation of the positivity that depends on the stability of the trading within the main bullish channel levels that appears in the above image.

The price should provide new positive close above the current barrier, to ease the mission of targeting the positive stations that are located near 174.25 reaching 1.809%Fibonacci extension level near 175.20, while the price return to settle below the current barrier will force it to activate the bearish correctional track, forcing it to suffer several losses by reaching 172.35.

The expected trading range for today is between 173.00 and 174.25

Trend forecast: Bullish

The GBPJPY pair continued providing sideways range trading, to keep its stability below 200.45 barrier, increasing the chances for activating the bearish correction trend to keep waiting for targeting 198.60 level, facing extra negative pressure may let it decline towards the extra support at 197.80.

While the price rally above the barrier and providing positive close will cancel the bearish correction forecast and provides a chance for resuming the main bullish attack, to rally towards 201.55 reaching 161.8%Fibonacci extension level at 202.40.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish

Despite the weak trading of Platinum price recently, its stability above the moving average 55 reinforces the stability of the extra support at $1382.00, besides stochastic attempt to provide positive momentum, these factors assist confirming the continuation of the positivity, to keep waiting for breaching the obstacle of $1408,00 to ease the mission of achieving the main targets that begin at $1435.00.

The risk of changing the main trend is represented by attempting to break the critical support at $1355.00, forcing it to form strong bearish waves, to expect reaching $1302.00 initially reaching to 38.2%Fibonacci correction level at $1255.00. 

The expected trading range for today is between $1375.00 and $1425.00

Trend forecast: Bullish