Natural gas price confirmed its surrender to the domination of the bearish bias by forming new bearish channel recently, to depend on the stability of the major resistance at 2.285$ to activate the negative attack again.

We notice the consolidation of the MA55 near the major resistance now, to increase the negative pressures on the price and wait to target 1.950$ level soon, followed by reaching the first main target at 1.720$.

The expected trading range for today is between 1.950$ and 2.160$

Trend forecast: Bearish

The EURJPY pair declined recently, targeting 160.42 level, followed by forming some correctional bullish waves in order to find additional negative momentum to confirm the continuation of the previously suggested negativity.

Our bearish overview depends on 162.80 level forming major resistance against the current trades, also, the frequent fluctuation below 61.8% Fibonacci correction level at 161.60 assists to increase the negative pressures, to keep waiting to crawl towards 159.80 level soon, followed by reaching the next main target at 159.00.

The expected trading range for today is between 159.00 and 161.60

Trend forecast: Bearish

No news for the GBPJPY pair until this moment, to continue forming mixed trades due to its move between 191.90 resistance and 189.40 support lines.

We remind you that the continuous attempt by the major indicators to provide the negative momentum will increase the chances of forming bearish waves, to press on the mentioned support line in order to find a way to confirm the negative scenario that might target 188.20 and 186.72$ levels initially, while breaching the resistance and holding above it will cancel the negative overview and start targeting many positive stations by rallying towards 192.90 and 194.10 levels.

The expected trading range for today is between 189.40 and 191.80

Trend forecast: Bearish

Platinum price confirmed its surrender to the domination of the bearish bias by crawling below 942.00$ additional support yesterday, to notice suffering some losses by reaching 929.50$.

The continuous consolidation of the MA55 above the current price confirms confining trades within the bearish track, also, stochastic provides the negative momentum to allow us to keep the bearish overview, which might target 920.00$ and 907.00$ levels soon.

The expected trading range for today is between 907.00$ and 940.00$

Trend forecast: Bearish