The CADJPY took advantage of the positive momentum that came from stochastic, which allows it to breach the resistance of the bearish channel’s resistance at 104.55 level, to begin forming strong bullish waves, achieving clear gains by reaching 106.25.

Forming extra support by the moving average 55 stability near 105.40 will increase the efficiency of the bullish track, to expect attacking the barrier at 106.40, surpassing it will open the way towards achieving new gains that might begin at 106.85. 

The expected trading range for today is between 105.40 and 106.40

Trend forecast: Bullish

No news for Natural gas price until this moment, to keep forming sideways trading, keeping its stability above the moving average 55 near $3.610, increasing the chances for activating the bullish attack again.

Stochastic exit from the overbought level will confirm the domination of the sideways bias, to keep waiting for gathering the extra positive momentum, which allows it to confirm breaching the barrier at $3.780, to begin targeting the positive stations that are located at $3.910 and $4.050.

The expected trading range for today is between $3.610 and $3.910

Trend forecast: Bullish

The EURJPY pair ended its last bullish trading by facing resistance at 164.90, forming the main target for the previous reports, forming a quick negative rebound by its stability near 164.25.

The stability of this resistance contradicts with the continuation of providing the main indicators of the positive momentum, forcing the price to form mixed sideways trading, therefore, we recommend waiting for breaching the current resistance, to confirm its readiness to record new gains that might begin at 165.45 and 165.85.

The expected trading range for today is between 163.80 and 164.90

Trend forecast: Sideways

The GBPJPY pair continued forming bullish trading, to face 23.6%Fibonacci correction level at 159.80, forming the previously suggested main target, to notice forming mixed trading due to stochastic reach to the overbought level, which makes us prefer the domination of the sideways bias temporarily until breaching the current barrier, which allows it to target new positive stations that might begin at 196.60.

While the failure to breach the barrier might assist the price to activate the bearish correctional track, which forces the price to suffer several losses by reaching 193.85 followed by 193.30 level, to close the last price gap.

The expected trading range for today is between 194.40 and 196.60

Trend forecast: Bullish