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Natural gas price begins to decline – Analysis – 3-8-2022
Natural gas price confirmed its affection by the domination of the bearish bias, to notice forming strong bearish wave yesterday and approach 50% Fibonacci correction level at 7.610.
We remind you that the bearish track will remain valid as long as the additional barrier at 8.210 remains intact, in addition to the continuous negative momentum coming by stochastic, which increase the chances of breaking the current obstacle and reach new negative stations that might start at 7.330 and 7.050.
The expected trading range for today is between 7.900 and 7.330
The expected trend for today: Bearish
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The EURJPY hits the target – Analysis – 3-8-2022
The EURJPY pair succeeded to reach the additional negative target at 133.50, to form solid obstacle against the negative attempts and rebounds positively towards 136.05, expecting to form mixed trades now in order to reinforce the chances of gaining the positive momentum and cover more suffered losses to target 136.65 that formed additional barrier recently against the negative trades.
MoreThe GBPJPY covers some losses – Analysis – 3-8-2022
The GBPJPY pair touched the first additional negative target yesterday by reaching 159.43, to rebound bullishly towards 162.60, covering some recently recorded losses and settling above the moving average 55 as appears on the chart.
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