Coffee price surrendered to the negative pressures by its stability below 377.20, activating the negativity of the main indicators by reaching 345.45.

The continuation of providing bearish momentum by the main indicators will push the price to provide strong pressure on the support base at 333.65 and breaking it will make us expect new bearish stations that might begin at 424.40 and 316.10.

The expected trading range for today is between 330.00 and 358.00

Trend forecast: Bearish

Natural gas price continued forming strong bullish waves since yesterday, to notice achieving the suggested targets by reaching $4.00 level, to reach the support of the broken bullish channel’s support, which represents a key resistance.

Noticing that stochastic begins to exit the oversold level, attempting to provide a new bullish momentum, to increase the chances of surpassing the current resistance, and its stability above this level will confirm its readiness to record new gains by its rally towards $4.185, while the failure to breach it will support the dominance of the sideways bias in the current trading, and there is a chance to retest $3.620 level before reaching extra bullish target.

The expected trading range for today is between $3.780 and $4.185

Trend forecast: Bullish

The EURJPY pair ended the bullish rally by achieving the previously suggested targets by reaching the top at 185.55, to form a strong obstacle against the attempts of resuming the bullish trend, to begin forming temporary corrective waves.

Noting that stochastic attempt to exit the overbought level might force the price to provide mixed trading, and there is a chance to decline towards 184.70, while breaching the top and holding above it will open the way for recording new gains that might extend towards 185.85 reaching 186.50.

The expected trading range for today is between 184.85 and 185.55

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair ended its last bullish rally by recording the target at 213.45, to form a strong obstacle against the attempts of resuming the bullish trend, which forces it to activate with the stochastic negativity by forming corrective rebound, to notice testing the bullish channel’s support at 212.30.

Reminding you that the repeated rise above 212.00 level which represents %2.380 Fibonacci extension level supports the chances of renewing the bullish attempts, to expect targeting 213.00 level, to attempt to surpass the mentioned obstacle, while declining below 212.00 and providing a negative close will confirm its surrender to the dominance of the bearish corrective bias, to expect suffering some losses by reaching 211.45 initially.

The expected trading range for today is between 212.00 and 213.45

Trend forecast: Bullish