The GBPCAD succeeded in confirming the bullish scenario by its stability within the bullish channel’s levels, to surpass the moving average 55 at 1.8400, to open the way for achieving new gains by its rally towards 1.8605.

Note that reaching the next barrier at 1.8650 level is possible, which forces it to provide sideways trading until it reaches this level and the extra positive stations at 1.8690 and 1.8770.

The expected trading range for today is between 1.8550 and 1.8690

Trend forecast: Bullish

Natural gas price confirmed its move to the negative track by providing new bearish close below $3.050 level, reaching $2.810 to approach from the initial main target at $2.720.

The continuation of providing negative momentum by the main indicators makes us expect to break $2.720 level, to open the way for targeting new bearish stations by reaching $2.550 followed by $2.550 reaching the main target at $2.390, which represents a strong support against the bearish attempts.

The expected trading range for today is between $2.550 and $ 2.950

Trend forecast: Bearish

The EURJPY pair confirmed the continuation of the bullish scenario by its move away from the obstacle at 172.00 level, forming a new bullish rally and its stability near 173.00, the continuation of providing positive momentum will ease the mission of attacking 173.45 level, confirming the importance of surpassing it to open the way for recording extra gains that might extend towards 174.15 reaching the main target at 175.15.

The expected trading range for today is between 172.35 and 173.45

Trend forecast: Bullish

The GBPJPY pair succeeded in settling above 66%Fibonacci correction level at 198.85, reinforcing the continuation of the positivity, to face 200.10 resistance, achieving the extra waited target in the previous report.

Note that monitoring the price behavior as there is a chance for forming mixed trading until breaching the current resistance, to settle within the bullish channel’s levels again, increasing the chances for achieving extra gains that might begin at 200.85 reaching 78.2%Fibonacci correction level at 202.00.

The expected trading range for today is between 199.25 and 200.40

Trend forecast: Sideways