Natural gas price declined in its last trading, affected by exiting the range of bullish correctional channel’s range that confined its previous trading on the short-term basis, with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions, which opened the way for recording these gains, expecting more of them by surpassing the support of its EMA50, facing intensive negative pressure on the near-term basis.

Therefore, our expectations suggest natural gas price decline in its upcoming intraday trading, if its settles below $3.470, to target the support level at $3.270.

The expected trading range for today is between $3.270 and $3.470

Trend forecast: Bearish

The (EURGBP) price settled high in its last intraday trading, supported by its continuous trading above its EMA50, with the emergence of the positive signals on the (RSI), after reaching exaggerated oversold levels compared to the price move, which makes the price confirms breaching bearish correctional trend line on the short-term basis by its last gains, amid its trading within a minor bullish channel’s range on its intraday levels.

Therefore, our expectations suggest a rise in (EURGBP) price in its upcoming intraday trading, if the support level settles at 0.8660, to target the key resistance level at 0.8680. 

The expected trading range for today is between 0.8660 and 0.8680

Trend forecast: Bullish

The EURJPY pair declined in its last intraday levels, to gain a positive momentum that might assist it to recover and rise again, and it attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, to test a main bullish trend line on the short-term basis, accompanied by its lean on the support of its EMA50, reinforcing the importance of this area as a strong support that prevents the price turn to the bearish track on the near-term basis.

Therefore, our expectations suggest the (EURJPY) price rise in its upcoming intraday trading, conditioned by the stability of the support at 172.25, to target the critical resistance at 173.25 preparing to attack it.

The expected trading range for today is between 172.00 and 174.00

Trend forecast: Bullish

The GBPJPY pair witnessed fluctuated trading on its last intraday levels, after its decline due to the emergence of the negative signals on the (RSI), after reaching overbought levels, the price attempts to gain a bullish momentum that might assist it to recover and rise again, to lean on the EMA50, the fluctuated trading assisted it to rise, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, if the support settles at 198.75, to target the critical resistance level at 199.80, preparing to attack it.

The expected trading range for today is between 198.75 and 199.80

Trend forecast: Bullish