The CADCHF succeeded in targeting the barrier at 0.5780, to end the bullish corrective scenario, activating with stochastic negativity by reaching 0.5730, to settle near the moving average 55 as appears in the above image.

The stability below the previously mentioned barrier and the continuation of providing negative momentum by the main indicators will increase the efficiency of the negative attack in the near trading, to expect targeting 0.5690 level initially, to press on the barrier at 0.5655.

The expected trading range for today is between 0.5590 and 0.5760

Trend forecast: Bearish

Natural gas price began to receive negative momentum, forming some bearish waves to settle near $2.890, approaching the initial negative target at $2.810.

Reminding you that bearish scenario remains valid, depending on forming a strong main barrier at $3.450 level, and the continuation of providing negative momentum by the main indicators will increase the chances of surpassing $2.810 level, to target the next support at $2.620, to monitor its behavior to confirm the main trend in the upcoming trading.

The expected trading range for today is between $2.620 and $3.150

Trend forecast: Bearish

The EURJPY pair began forming some bullish waves from morning to rally towards 184.55, to rebound and settle near 184.20 level, confirming the importance of confirming breaching the current barrier, to reinforce the chances of recording several gains that might begin at 184.80 and 185.45.

While the failure in confirming the breach and holding below 184.20 will force it to provide unstable mixed trading, and there is a chance for heading lower towards %50 Fibonacci corrective level at 183.40 before any attempt to record any of the previously suggested positive targets.

The expected trading range for today is between 183.80 and 184.80

Trend forecast: Bullish

The GBPJPY pair repeats the attempts of forming bullish waves, taking advantage of its stability within the minor bullish channel’s levels that appear in the above image, besides the continuation of forming an extra support at 212.00 level, to rally towards 213.20 in this morning trading.

The price needs a new bullish momentum, which allows it to surpass the intraday barrier at 213.30, opening the way towards the main bullish stations that are located near 214.05 reaching to 215.2, while changing the main trend is represented by the attempt of breaking the bullish channel’s support at 211.40.

The expected trading range for today is between 212.10 and 214.05

Trend forecast: Bullish