Coffee price activated the previously suggested bearish trend by providing new negative closes below the broken support at 276.00, to form a strong barrier and form some bearish waves, approaching the initial target at 259.60.

Note that stochastic stability within the oversold level will increase the chances of gaining extra negative momentum, to resume the bearish attempts that might target 243.40 and 233.70 level.

The expected trading range for today is between 243.40 and 270.00

Trend forecast: Bearish

Natural gas price failed to resume the bullish trend by facing the moving average 55 near $3.360, to form some corrective waves by approaching the initial support at $3.150 level.

Note that the stability below the moving average 55 might force it to delay the bullish trend and forming some sideways trading, with a chance to decline near $2.950, while gathering positive momentum will provide chances to renew the pressure on the moving average 55 to find an exit to record extra gains that might begin at $3.520 reaching $3.680.

The expected trading range for today is between $3.000 and $3.350

Trend forecast: Fluctuating

The EURJPY pair repeated providing strong pressure on 185.80 barrier, to find an exit for activating the bullish trend to reach 186.00 level, where providing a new bullish close above the current barrier is important to confirm its move to a new positive station, to record several gains by its rally towards 186.25 and 186.65 initially.

While confirming the breach will force the price to provide mixed trading, and there is a chance for moving lower towards the extra support near 184.80.

The expected trading range for today is between 185.40 and 186.65

Trend forecast: Bullish

The GBPJPY pair ended yesterday’s trading by providing positive close above 214.50 barrier, announcing its readiness to readiness to renew the bullish attempts by reaching 215.00 level, providing positive momentum by stochastic will keep our bullish scenario, which might target 215.30 level, surpassing it will make the next target at 215.75 in he current trading.

While the attempt of activating the bearish corrective trend requires forming several negative waves, to settle below the extra support at 213.30.

The expected trading range for today is between 214.40 and 215.75

Trend forecast: Bullish