The GBPJPY price managed to reach the target at 143.25 in the last trading, to form a good barrier against the negative attack, which forces it to form an intraday rebound as appears in the image, the upcoming scenario depends on the strength of this level, which forms a new support level, and its stability makes us it expects the beginning of the price rally to the upside to target 146.60 level.
While the price decline below the current support and providing negative close, will support the bearish correctional attempts, to expect reaching 140.35 to form the main target in the bearish attempts.
Expected trading range for today is between 143.25 and 146.60
Expected trend for today: bullish.
The EURJPY price repeated negative closes below the bearish channel’s resistance at 123.85, to support the beginning of forming the expected negative attack, therefore, we will keep waiting for the price reach to 121.60 initially, and breaking it will open the way towards recording more of the targets that begin at 120.00.
Stochastic attempts to support the negative expectation, by its stability below 50 level, which provide new negative momentum, which increases the chances for forming bearish waves until achieving the suggested targets.
Expected trading range for today is between 123.30 and 121.60
Expected trend for today: Bearish
FTSE managed to provide new positive close above 6945 level, to confirm its fluctuation within the bullish channel, which makes us wait for forming 7035 level, which repeats the pressure on the recorded top at 7090.
The moving average 55 rally to the upside, to approach from the initial support, which agrees with stochastic approach from the overbought level, opening the way towards gathering the positive momentum to rally to the suggested targets.
Expected trading range for today is between 6945 and 7090
Expected trend for today: Bullish.
The natural gas price affected by sudden positive pressure due to stochastic to the overbought level, to extend the trading to test the recorded top at 3.810, note that the stability of the resistance to 3.920 supports the bearish correctional attempts, which targets 3.280 level initially reaching to the support at 3.080 for today.
While the continuation of the positive pressure and the price attempt to surpass the mentioned resistance will cancel the bearish overview, which forces the price to regain the bullish bias, to begin to record new gains that might begin at 4.150 reaching to 4.600.
Expected trading range for today is between 3.920 and 3.550
Expected trend for today: bearish.