Natural gas price began to receive negative momentum, forming some bearish waves to settle near $2.890, approaching the initial negative target at $2.810.

Reminding you that bearish scenario remains valid, depending on forming a strong main barrier at $3.450 level, and the continuation of providing negative momentum by the main indicators will increase the chances of surpassing $2.810 level, to target the next support at $2.620, to monitor its behavior to confirm the main trend in the upcoming trading.

The expected trading range for today is between $2.620 and $3.150

Trend forecast: Bearish

The EURJPY pair began forming some bullish waves from morning to rally towards 184.55, to rebound and settle near 184.20 level, confirming the importance of confirming breaching the current barrier, to reinforce the chances of recording several gains that might begin at 184.80 and 185.45.

While the failure in confirming the breach and holding below 184.20 will force it to provide unstable mixed trading, and there is a chance for heading lower towards %50 Fibonacci corrective level at 183.40 before any attempt to record any of the previously suggested positive targets.

The expected trading range for today is between 183.80 and 184.80

Trend forecast: Bullish

The GBPJPY pair repeats the attempts of forming bullish waves, taking advantage of its stability within the minor bullish channel’s levels that appear in the above image, besides the continuation of forming an extra support at 212.00 level, to rally towards 213.20 in this morning trading.

The price needs a new bullish momentum, which allows it to surpass the intraday barrier at 213.30, opening the way towards the main bullish stations that are located near 214.05 reaching to 215.2, while changing the main trend is represented by the attempt of breaking the bullish channel’s support at 211.40.

The expected trading range for today is between 212.10 and 214.05

Trend forecast: Bullish

The effect of Fibonacci positivity by forming bullish waves to rally towards the moving average 55 near $1985.00, keeping its stability within the bearish channel’s levels, which represents an extension level for the main resistance at 2040.00 level.

The stability below the main resistance makes us keep the bearish scenario, as gathering the negative momentum makes us begin targeting some negative stations by reaching $1865.00 and $1775.00, while breaching the resistance and holding above it will confirm regaining the bullish trend, to attempt to reach $2090.00 initially.

The expected trading range for today is between $1865.00 and $2000.00

Trend forecast: Bearish