The coffee price confirmed its surrender to the previously suggested bearish bias dominance, by surpassing 316.00 level, to suffer extra losses to settle near 293.00.

Stochastic stability within the oversold level will increase the negative pressure on the current trading, to keep preferring the bearish bias dominance, to expect reaching 284.00 then attempts to press on the main support at 276.00.

The expected trading range for today is between 284.00 and 310.00

Trend forecast: Bearish

Natural gas price continued forming negative pressures to keep its positive stability above the bullish channel’s support at $3.050, forming weak sideways trading due to the contradiction of the main indicators by providing negative momentum in the last period.

Note that the stability above the support level makes us wait for gathering the bullish momentum, to ease the mission of forming bullish waves, to target $3.450 reaching $3.910 level, while breaking the support and holding below it will force it to resume the decline, suffering big losses by reaching $2.850 and $2.660.

The expected trading range for today is between $3.000 and $3.450

Trend forecast: Bullish

The EURJPY pair was under strong bearish pressure yesterday, to press on the bullish channel’s support, represented by 183.45 level, to begin this morning trading with new negative trading by its exit from the bullish track and suffering extra losses by reaching 182.60 level.

Providing negative momentum by the main indicators confirms the price surrender to the bearish scenario, to expect to continue targeting negative stations until reaching 182.00, to attempt to test the next support near 181.05.

The expected trading range for today is between 181.05 and 183.50

Trend forecast: Bearish

The GBPJPY pair achieved the previously suggested negative targets by hitting 210.40 level, but providing negative momentum by the main indicators pushed this morning trading to resume the negative trend.

Forming negative attempts make us expect targeting 209.10 level, which might form an important support to recover the losses gradually by its rally towards 209.90 and 210.40, while breaking this barrier will force it suffer extra losses that might extend towards 208.50 and 208.20.

The expected trading range for today is between 209.00 and 210.40

Trend forecast: Bearish