Natural gas price continued forming strong bullish waves yesterday, taking advantage of its stability within the bullish channel’s levels, by its stability above the main support at $3.3000 reaching few points away from the main initial target at $3.530.

Note that the stability of stochastic within the overbought level might increase the chances for gathering extra positive momentum, keeping our bullish expectation until recording new gains by its rally to $3.620 and $3.830.

The expected trading range for today is between $3.380 and $3.620

Trend forecast: Bullish

The EURJPY pair surrendered to the extra negative pressure that was caused by stochastic decline from the oversold level yesterday, which forces it to resume the attempts of profit-taking and forming new bearish corrective trading, to settle near the support at 172.20.

Note that the stability of the price within the bullish channel’s levels until now, and the stability of the current support at 172.20 will increase the chances of activating the bullish attempts, to breach 173.40 level and achieving some gains by its rally to 174.40, while facing new negative pressure and reaching below the current support will increase the chances of targeting the support of the bullish channel at 171.30, representing the confirmation of the main trend in the upcoming trading.

The expected trading range for today is between 172.20 and 173.50

Trend forecast: Bullish

The GBPJPY pair resumes the bearish correctional attack, due to its reach below 198.60 level, which forces it to suffer extra losses by reaching the extra support at 197.80 level, to settle above it as appears in the above image.

Noticing the approach of the moving average 55 from the current support, to settle against the current trading, providing real opportunity to renew the bullish attempts by its rally towards 198.80 reaching the barrier of 200.45.

The expected trading range for today is between 197.80 and 198.80

Trend forecast: Bullish

No news for Platinum price, providing mixed sideways trading since morning by its stability near $1560.00, confined between the extra support at $1525.00, while $1610.00 level forms a strong barrier against the attempts of resuming the bullish attack.

The contradiction between the main indicators supports the dominance of the sideways trend in the current trading, to keep waiting to surpass the current barrier, which allows it to achieve new gains that might extend towards $1642.00 reaching the next main target at $1690.00.

The expected trading range for today is between $1525.00 and $1605.00

Trend forecast: Sideways