in spite of the positive rally of the Natural gas price, but its repeated stability above the moving average 55 and its stability at 2.900 supports our bullish expectation in the upcoming period trading, to keep waiting for surpassing 3.100 level, to open the way for resuming the bullish attack and reaching extra stations at 3.550 and 3.750.
The expected trading range for today is between 2.720 and 3.1000
The expected trend for today: Bullish
The EURJPY pair didn’t succeed to activate the bullish attack, in spite of its repeated stability above the bullish channel’s support at 157.00, affected by stochastic negativity near 50 level.
we expect the continuation of providing sideways trading until gathering the positive momentum to activate the bullish rally, and wait for reaching 159.20 level, which represents an obstacle against the bullish attempts, while the price’s decline below the main support and providing negative close, will confirm its move to the bearish track, which forces it to suffer several losses by its reach to 156.50 and 155.85.
The expected trading range for today is between 157.30 and 158.75
The expected trend for today: Bullish
The GBPJPY pair formed more of the sideways fluctuation by its stability at 181.65 without achieving any new negative target, due to its neediness to the negative momentum in the last trading, while the repeated negative stability below the resistance at 183.50 makes us keep the bearish suggestion, to keep waiting for the price success to gain the negative momentum, then attempt to resume the negative attack by its decline to 180.00 initially, reaching to 179.35 in the medium period trading.
The expected trading range for today is between 182.20 and 180.80
The expected trend for today: Bearish
Platinum price got advantage from the repeated negative pressures, to begin forming bearish waves, hitting 907.00 level as appears in the above image, we expect resuming the negative attack to press on the extra support at 880.00, and surpassing it might extend the trading towards61.8% Fibonacci at 850.00, to form the next main target for the bearish trading.
reminding you that holding below 950.00 barrier is important to shrink the chances for changing the trend in the current trading and to avoid unexpected losses before reaching the suggested negative targets.
The expected trading range for today is between 925.00 and 880.00
The expected trend for today: Bearish