Coffee price faced strong positive pressures recently after stochastic reached 80 level, to notice surpassing 335.00 level and recording additional gains by reaching 342.30.

We expect to resume the bullish attack and attempt to press on the historical high at 347.85, while surpassing it will push the price to record new historical highs by rallying towards 356.0 first, followed by reaching the next main target at 368.00.

The expected trading range for today is between 335.00 and 356.00

Trend forecast: Bullish

Natural gas price kept its stability within the bullish channel that its major support line located at 3.680$, to notice renewing the positive action by targeting 4.030$ barrier now, which formed the first target for the recent bullish overview.

Now, stochastic exit from the oversold areas will reinforce the chances of gathering the positive momentum to manage to surpass the current barrier and achieve additional gains by rallying towards 4.220$ followed by reaching the bullish channel’s resistance line at 4.420$.

The expected trading range for today is between 3.920$ and 4.220$

Trend forecast: Bullish

The EURJPY pair trades extended bullishly yesterday to press on the additional resistance at 163.25, achieving the first target suggested in our previous report.

We expect to form additional support at 161.80 to agree the continuous positive momentum coming by the major indicators and motivate the price to breach the current resistance and record new gains that might extend towards 164.00 followed by 164.85 levels.

The expected trading range for today is between 162.20 and 164.00

Trend forecast: Bullish

The GBPJPY pair succeeded to confirm the bullish scenario yesterday by settling above 191.80 additional support, to notice forming strong bullish rally and achieve the first target at 192.90.

Stochastic continuous positive momentum will ease the mission of resuming the bullish attempts, to target 193.65 followed by reaching 194.20 resistance line, to face the MA55.

The expected trading range for today is between 192.50 and 193.65

Trend forecast: Bullish