The EURGBP succeeded in resuming the bullish attack, taking advantage of confirming breaching the barrier at 0.8565, recording the waited targets by reaching 0.8670 level, forcing it to form temporary sideways fluctuation to gather the extra positive momentum.
Forming extra support at 0.9630 level, to expect forming new bullish waves that assisted it to reach extra positive stations that might begin at 0.8700 and 0.8725.
The expected trading range for today is between 0.7425 and 0.7465
Trend forecast: Bullish
Natural gas price kept resisting the negative pressure, to notice its continued fluctuation above the support base that is represented by $3.450 level, to increase the chances for activating the bullish attempts, and gathering the positive momentum is important to ease the mission of surpassing $3.600 level, to open the way for recording several gains by its rally to $ 3.710 and $3.830.
Facing new bearish pressures and providing negative close below the current support will confirm its move to a new bearish station, to expect suffering several losses by reaching $3.320 and $3.140.
The expected trading range for today is between $3.450 and $3.600
Trend forecast: Bullish
The EURJPY pair didn’t move any thing since yesterday’s trading, to keep fluctuating below the barrier at 169.85 due to its neediness to the positive momentum, but the main stability within the bullish channel’s levels and the continuation of forming extra support at 168.05 level, these factors make us keep the bullish suggestion to keep waiting for gathering extra positive momentum, to ease the mission of breaching the barrier and reaching the next main target near 170.65.
Note that the decline below the mentioned extra support will force it to activate the bearish correctional track, which forces it to suffer several losses by reaching 167.55 followed by the next support at 166.40 level.
The expected trading range for today is between 168.70 and 170.55
Trend forecast: Bullish
The GBPJPY pair is under strong bearish pressure, which forces it to resume the bearish correctional attack, facing the support of the bullish channel’s support at 195.35, to settle above it to stop the negative bleeding in the current period, to rally towards 195.95.
Note that surpassing 196.45 level is important to confirm its readiness to renew the bullish attempts, to expect attacking the extra barrier at 197.45, while the continuation of the negative pressure and breaking the current support will force it to suffer new losses, to wait for reaching 194.20, then attempts to press on the EMA50 that is located near 193.55.
The expected trading range for today is between 195.55 and 197.45
Trend forecast: Bullish