Despite the consolidation of the CADJPY pair within the bullish channel, the stability of the initial resistance at 110.45 hinders the attempts to resume the rise, to notice forming unstable sideways fluctuation.
Also, stochastic exit from the overbought areas confirms postponing the bullish attack to start suggesting the domination of the correctional bearish bias that might target 108.90 and 108.40 levels soon.
The expected trading range for today is between 110.10 and 109.00
The expected trend for today: Bearish
Natural gas price started to react to the positive factors represented by the frequent stability above the main support 2.400 in addition to stochastic approach to 80 level, to notice the beginning of recording some gains by settling near 2.880.
We expect to resume the bullish attack to target the initial station at 3.100 initially, followed by extending trades towards the next main target at 3.550.
The expected trading range for today is between 2.720 and 3.100
The expected trend for today: Bullish
The EURJPY pair resisted the frequent negative pressures caused by the contradiction between the major indicators, to notice holding above the main bullish channel’s support line at 156.80 and start forming some bullish waves, to reach 157.95.
We assure the importance of gathering the positive momentum, to manage to activate the bullish attack and attempt to achieve many gains by rallying towards 158.55, followed by attempting to press on 159.20 obstacle.
The expected trading range for today is between 157.20 and 158.55
The expected trend for today: Bullish
The GBPJPY pair formed new negative attack yesterday, taking advantage of the frequent stability below 183.20 level, to notice recording the second negative target by declining towards 180.75 followed by forming some correctional bullish rebound by moving towards 182.00.
Note that the frequent stability below 183.20 barrier and stochastic attempt to provide the negative momentum allow us to keep the negative overview, to expect targeting 180.40 level soon, followed by attempting to press on the additional support 179.35.
The expected trading range for today is between 182.40 and 180.40
The expected trend for today: Bearish