The coffee price confirmed the continuation of the bullish scenario by repeated stability above the support base at 274.80 level, to begin gathering positive momentum and recording some gains by its rally to 309.55.

Facing the positive pressures will allow it to surpass the resistance at 312.00, to open the way for achieving new gains that might extend to 326.70 reaching the extra barrier near 337.00.

The expected trading range for today is between 300.00 and 326.70

Trend forecast: Bullish

Natural gas price opened today by forming bearish gap, to settle below the head and shoulders pattern that appears in the above image, confirming its readiness to activate the suggested negative attack by its stability near 2.930.

Stochastic approach from 20 level will increase the negative pressures on the trading, reinforcing the chances for reaching the initial bearish stations near $2.710 and $2.390.

The expected trading range for today is between $2.710 and $3.000

Trend forecast: Bearish

The EURJPY pair kept its positive stability within the bullish channel’s levels, to move away from the extra support at 170.45, confirming its readiness to resume the bullish attack by its attempt to settle above the intraday obstacle at 172.00.

Note that the continuation of providing positive momentum by the main indicators will increase the chances to begin recording extra gains, to keep waiting for hitting 172.65 level, then attempts to press on the barrier at 173.45, which forms the key of reaching new positive stations in the medium period.

The expected trading range for today is between 171.75 and 172.65

Trend forecast: Bullish

The GBPJPY pair took advantage of the positive factors that ae represented by the positive momentum from the main indicators and forming a new support at 197.45 level, forming a new bullish rally on Friday by achieving the target at 198.85, to face strong challenge by forming extra barriers by 66%Fibonacci correction level.

Stepping above the current barrier is required to resume the bullish attempts, besides providing positive close to reinforce the chances of reaching extra positive stations that might begin at 200.45, while the failure to breach will push it to renew the bearish correctional attempts, which forces it to reach 61.8%Fibonacci correction level at 197.45, and breaking it will extend the losses in the near period to 196.55 and 195.60.

The expected trading range for today is between 198.25 and 200.40

Trend forecast: Bullish