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The CADJPY faces solid support – Forecast today – 13-9-2024

Economies.com
2024-09-13 07:48AM UTC

The CADJPY price ended the negative attack by facing 61.8% Fibonacci correction level, to form solid support at 103.50 and notice forming correctional bullish rebound and settling near 104.00.

 

Also, stochastic attempt to provide the positive momentum will reinforce the chances of forming new bullish waves, to expect targeting 105.50 level soon followed by attempting to press on 106.40 barrier.

 

The expected trading range for today is between 103.60 and 105.00

 

Trend forecast: Bullish

Natural gas price resumes the rise – Forecast today – 13-9-2024

Economies.com
2024-09-13 07:48AM UTC

Natural gas price jumped above 2.340$ barrier yesterday, confirming its surrender to the domination of the bullish bias as expected previously, to notice its fluctuation near the first additional target at 2.450$.

 

The continuous positive momentum coming by the major indicators will increase the efficiency of the bullish track, to keep waiting to achieve additional gains by moving towards 2.550$ and 2.620$.

 

The expected trading range for today is between 2.350$ and 2.550$

 

Trend forecast: Bullish

The EURJPY gets the positive momentum – Forecast today – 13-9-2024

Economies.com
2024-09-13 07:46AM UTC

The EURJPY pair started to get the positive momentum to notice the attempt of settling above 156.40 support line, to keep our correctional bullish overview that targets 157.40 followed by attempting to press on 158.00 barrier in order to find a way to resume the bullish correction in the upcoming period.

 

On the other hand, failing to hold above the current support might force it to activate the negative attack again, to start targeting new negative stations by crawling towards 155.30 followed by reaching 153.00 on the medium-term basis.

 

The expected trading range for today is between 156.00 and 158.00

 

Trend forecast: Bullish

The GBPJPY faces new support– Forecast today – 13-9-2024

Economies.com
2024-09-13 07:45AM UTC

The GBPJPY pair touched 186.75 level and returned to form some negative waves, facing new additional support at 185.00, to decrease the chances of suffering any new losses now, also, stochastic begins to provide the positive momentum to allow us to keep the positive overview for now, which might target 187.25 and 187.75 levels.

 

Note that declining below the current support might force it to suffer some losses by targeting 50% Fibonacci correction level at 183.40 before reaching any of the mentioned correctional targets.

 

The expected trading range for today is between 185.00 and 187.25

 

Trend forecast: Bullish