Despite the effect of the sideways range trading on the Natural gas price in the recent period due to the continuation of the contradiction between the main indicators, but its stability above the support at $2.960 level represents a main factor for motivating the domination of the suggested bullish bias.

The price began forming some bullish waves, to keep waiting for reaching the initial target at $3.360, and surpassing it will lead to resume the rise to target the moving average 55 near $3.600.

The expected trading range for today is between $3.050 and $3.360

Trend forecast: Bullish

The EURJPY pair provided positive signal on Friday by forming a strong bullish rally, achieving 163.75, which forces it to fluctuate below 163.25 level, due to the contradiction between the main indicators by stochastic exit from the overbought level.

The price might be forced to provide more of the mixed trading, but its success in taking advantage of forming extra support at 162.40 might assist renewing the bullish attempts, to wait for confirming breaching 163.25 to increase the chances for recording new gains by its rally towards 164.20 reaching the next target near 164.90.

The expected trading range for today is between 162.50 and 164.25

Trend forecast: Bullish by confirming the breach

The GBPJPY pair got advantage from its stability above 190.25 level, which represents the extension of the support of the sideways triangle that appears in the above image, to notice recording the initial positive targets by hitting 191.70 level, facing the moving average 55.

Confirming breaching 191.55 level in the current period is important to reinforce the domination of the bullish scenario, then begin achieving new gains by its rally towards 192.40 and 193.15, while reaching below 190.25 might force it to delay the bullish attack and provide bearish intraday waves to target 189.70 and 188.60 before reaching any new positive target.

The expected trading range for today is between 190.40 and 192.40

Trend forecast: Bullish

Platinum price formed some sideways range trading on Friday, due to its temporary trading between the resistance at $977.00 and the support level by the moving average 55 stability near $961.00.

Breaking $961.00 level is important, and providing negative close below it, which allows it to activate the suggested negative attack, by targeting $950.00 and $938.00 level initially.

The expected trading range for today is between $950.00 and $ 977.00

Trend forecast: Bearish