Coffee price resumed its bullish rally after surpassing the minor bullish channel’s resistance line at 391.00 recently, to notice achieving big historical gains by reaching 431.40$.

Note that stochastic crawl towards the overbought areas and 411.00 level attempt to form the additional support line support the continuation of the positivity, to keep our bullish overview to target 438.00$ level soon, while surpassing it might extend trades towards 454.30 on the medium term basis.

The expected trading range for today is between 427.00 and 438.00

Trend forecast: Bullish

Natural gas price continued to form bullish trades by settling above the MA55 that forms additional support at 3.270$, to notice achieving new gains by approaching the target at 3.530$.

Now, stochastic crawl towards the overbought areas will increase the chances of gaining the additional positive momentum to reinforce the chances of surpassing 3.530$ level and start targeting new positive stations that might extend towards 3.620$ followed by reaching 3.750$ resistance line.

The expected trading range for today is between 3.400$ and 3.620$

Trend forecast: Bullish

The EURJPY pair ended the recent negative attack by holding above the major support at 155.30, to notice reacting to stochastic attempt to exit the oversold areas by forming bullish wave and settle near 156.60.

The frequent stability above the mentioned support allows us to suggest the correctional bullish track to attempt to provide strong pressures on 157.25 barrier, while surpassing it will push the price to decrease its losses by rallying towards 158.50, while facing new negative pressures and crawling below 155.30 will confirm its preparation to resume the negative attack, to expect targeting the historical support at 154.40.

The expected trading range for today is between 155.80 and 157.25

Trend forecast: Bullish

The GBPJPY pair kept its stability above 187.00 support line yesterday, to decrease the chances of suffering additional losses and notice forming sideways fluctuation near 187.85.

Stochastic attempt to exit the oversold areas might assist to activate the correctional bullish track again, to expect rallying towards 189.10 followed by repeating the pressure on 189.50, while breaking the support and holding below it will confirm moving to new negative level to target new negative stations that start at 186.40.

The expected trading range for today is between 187.10 and 189.50

Trend forecast: Bullish