The GBPAUD repeated providing positive closes above 23.6%Fibonacci correction level at 2.0510, announcing its readiness to renew the bullish attempts to attack the moving average 55 at 2.0610.

By the above image, we notice stochastic exit from the oversold level, providing strong chance to gain the required positive momentum to surpass the moving average 55, then begin recording the targets by its rally towards 2,0740, while breaking the current support will force it to resume the correctional decline, which forces it to suffer extra losses by reaching 2.0455 and 2.0330.

The expected trading range for today is between 2.0540 and 2.0740

Trend forecast: Bullish

The EURJPY pair remains affected by the stability of the barrier at 173.40, forming a strong obstacle against the attempts to resume the bullish attack in the current trading, to keep preferring the bearish correctional bias, to target 172.20 level reaching the extra support at 171.30.

While facing strong positive pressures and its rally above the barrier will confirm its readiness to resume the bullish attack, to begin recording new gains by reaching 174.20 followed by 1.809%Fibonacci extension level at 175.20.

The expected trading range for today is between 171.85 and 173.40

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair attempted to face the attempts of activating the bearish correctional track, taking advantage of providing positive momentum by stochastic, but it didn’t make it surpass the barrier at 200.40, to keep providing mixed sideways trading by its stability near 199.50.

The expected trend depends on the strength of the mentioned barrier, the continuation of the price stability below it will increase the chances of activating the negative attempts that might target 198.60 level, reaching the support at 197.85, while breaching the barrier and holding above it will activate the bullish track, to reach 200.90 followed by the next positive target at 202.45.

The expected trading range for today is between 197.85 and 199.80

Trend forecast: Bearish

Platinum price forced to delay the bullish rally by its fluctuation yesterday below the barrier at $1426.00, forming an extra correctional decline by reaching $1360.00, facing the moving average 55 to settle above it.

Noticing stochastic attempt to provide positive momentum, which supports renewing the bullish attempts, to expect the trading rally towards $1400.00, repeating the pressure on the barrier to find an exit for resuming the bullish attack in the upcoming period trading, while breaking the critical support at $1340.00 might force the price to suffer big losses in the upcoming period.

The expected trading range for today is between $1365.00 and $1400.00

Trend forecast: Bullish