The CADJPY began forming the previously suggested bullish waves, depending on the stability of the support level at 105.95, attacking 107.40 barriers, activating the ascending triangle pattern that appears in the above image.

Stochastic reach to the overbought level will increase the positive pressure on the trading, which help to confirm breaching the barrier, to open the way for reaching the extra positive stations near 108.05 and 108.75.

The expected trading range for today is between 107.00 and 108.05

Trend forecast: Bullish

Natural gas price ended Friday’s trading by reaching $2.875 level, forming some sideways trading, to keep its negative stability below the main resistance at $3.250, confirming its readiness to form more of the negative trading in the near and medium period.

The unionism of providing negative momentum by the main indicators will increase the chances of breaking the barrier of $2.820, opening the way for forming strong bearish waves, to expect targeting $2.620 level initially, waiting for reaching the next main target near $2.390.

The expected trading range for today is between $2.620 and $3.000

Trend forecast: Bearish

The EURJPY pair is forced to form bearish correction wave after hitting the target at 174.45, affected by stochastic attempt to exit the overbought level, noticing its fluctuation near the breached barrier, forming an extra support at 173.40.

The price success to settle above the current support will provide new chance for forming bullish waves, repeating the pressure on 174.40 level, and surpassing it will make it reach the next target near 175.20, while its surrender to the negative pressures by its move below the support will force it to delay the bullish attack, forming more of the correctional trading, to reach 172.80 initially, reaching the support of the bullish channel at 171.35.

The expected trading range for today is between 173.40 and 175.20

Trend forecast: Bullish

The GBPJPY pair provided new negative close in Friday’s trading below 200.45 level barrier, which forces it to form some bearish correctional trading, to settle near 199.55.

By the above image, we notice stochastic reach below 50 level, to provide the extra negative momentum, to confirm the dominance of the bearish correctional bias, which makes us keep the bearish suggestion until reaching the negative station near 198.60 and 197.80.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish