The CADJPY closed the last corrective rebound by providing new bullish close above the main bullish channel’s support at 112.15, forming bullish waves by its stability near 113.00.
Stochastic attempts to provide positive momentum to increase chances of attacking the top at 113.40, surpassing it is important to confirm its readiness to record extra gains by its rally towards 113.70 and 114.05.
The expected trading range for today is between 112.70 and 113.70
Trend forecast: Bullish
Natural gas price attempted to resist the negative pressures by ending the negative trading after testing the bullish channel’s support to $3.880, forming a positive rebound by its stability near $4.080.
We couldn’t confirm regaining the bullish attempts unless breaching the barrier at $4.200 and providing positive close above it, therefore, we expect providing mixed trading and there is a chance for providing new pressures on the main support, while breaching the barrier and holding above will provide strong chance to begin achieving several gains, to expect its rally initially towards $4.510.
The expected trading range for today is between $3.900 and $4.200
Trend forecast: Bearish
The EURJPY pair took advantage of its positive stability above 181.70 level, activating with stochastic positivity and achieving several gains by reaching 182.85.
Note that surpassing 183.20 level for today is important to confirm its move to a new bullish phase, to begin recording more gains by its rally to 183.60 reaching the next main target near 184.10.
The expected trading range for today is between 182.45 and 183.60
Trend forecast: Bullish
The GBPJPY pair closes yesterday’s trading by forming several bullish waves, to surpass the temporary sideways at 208.10 level, and achieving some gains by hitting 208.40 level requires providing new positive close above the previously breached, to confirm its readiness to form new bullish attack to target 208.70 level then attempt to press on the resistance of the bullish channel at 209.25.
Note that the failure of holding above 208.10 will turn the price to settle within the sideways trend, to expect providing mixed trading and there is a chance for retesting extra support at 206.90.
The expected trading range for today is between 207.65 and 208.70
Trend forecast: Bullish