The CADJPY price ended the recent negative trades by facing solid support at 109.75, to notice the beginning of forming sideways trades and manage to gather the required positive momentum to activate the bullish trades again.
We notice stochastic exit from the oversold areas to decrease the negative pressures on the price and start suggesting targeting the positive stations near 111.55 followed by reaching 112.30.
The expected trading range for today is between 109.75 and 111.55
Trend forecast: Bullish
Natural gas price lost its negative momentum by stochastic rally towards the overbought areas, to end its current negative attack by touching 2.000$ followed by bouncing towards the first barrier at 2.150$ as appears on the chart.
We remind you that the main stability within the main bearish channel that appears on the chart and the stability of the major resistance at 2.350$ keep the bearish track valid, waiting to gather the additional negative momentum to ease the mission of crawling towards 2.050$ followed by starting to target new negative stations by moving towards 1.950$ and 1.860$.
The expected trading range for today is between 2.180$ and 2.050$
Trend forecast: Bearish
The EURJPY pair formed new negative attack, to achieve the previously suggested negative targets by reaching 164.05 followed by forming temporary correctional bullish rebound in order to take breath before forming any new negative wave, to settle near 165.30.
We remind you that the frequent stability below 167.55 barrier and the continuous negative momentum coming by the major indicators allow us to suggest more decline in the near term and medium-term period, to expect attacking 164.00 level soon, while breaking it will push the price to 162.75 as a next main target.
The expected trading range for today is between 166.30 and 164.05
Trend forecast: Bearish
The GBPJPY pair kept its negative stability below 200.25 barrier, to notice forming strong negative attack and surpass the previously suggested negative targets by touching 196.21 followed by bouncing above the additional support at 195.30.
The price might form temporary sideways fluctuation, while the stability of the MA55 below the additional barrier at 197.70 and stochastic attempt to provide the additional negative momentum allow us to expect renewing the negative attempts, expecting to crawl below 195.30 again to start forming new negative waves to target 194.15 and 193.30 levels.
The expected trading range for today is between 197.70 and 194.15
Trend forecast: Bearish