The CADJPY price continued to form strong negative trades to notice crawling below 50% Fibonacci correction level at 106.45, hinting its preparation to resume the negative attack by touching 105.48.

Stochastic provides the additional negative momentum by crawling towards the oversold areas, to force the price to form new negative waves and expect to target 104.75 followed by 103.95 levels.

The expected trading range for today is between 104.75 and 106.10

Trend forecast: Bearish

Natural gas price formed new bullish wave by surpassing the bearish channel’s resistance line at 2.220$, to notice attacking the MA55 again, which forms an additional obstacle against the attempts to settle near 2.290$.

Confirming moving to the bullish track requires surpassing the MA55 and settling above 50% Fibonacci correction level at 2.340$, to start suggesting the bullish attempts that might target 2.450$ initially, while turning back to fluctuate below the breached resistance will confirm targeting many negative stations that start at 2.080$ and 2.020$.

The expected trading range for today is between 2.340$ and 2.210$

Trend forecast: Bullish

The EURJPY pair continued to form strong negative trades due to the frequent consolidation below 161.60 barrier, to notice approaching the second negative target at 158.00.

Note that stochastic attempt to crawling towards the oversold areas might increase the negative pressures and provide the chances to break 158.00 and open the way to target new negative stations in the medium-term period by crawling towards 157.25 and 156.40.

The expected trading range for today is between 157.25 and 159.60

Trend forecast: Bearish

The GBPJPY pair took advantage of the negative pressures caused by the MA55 and stochastic that provide the negative momentum to notice crawling below 188.20 support line and confirm its surrender to the bearish scenario by fluctuating near 187.85.

Also, 38.2% Fibonacci correction level attempt to form additional barrier at 189.30 will increase the chances of resuming the negative attack, waiting to target 186.40 level soon, followed by reaching the next main target at 184.50.

The expected trading range for today is between 186.40 and 189.00

Trend forecast: Bearish