Despite facing strong negative pressure on the CADJPY price recently, but its repeated stability above the support at 103.55 forms a main factor that motivates the suggested bullish track, to notice forming some of the bullish waves by its stability near 104.15, to confirm that gathering the positive momentum is important to reach 104.80, then presses on the moving average 55 near 105.15 to find an exit for resuming the bullish attack in the upcoming period trading.
The expected trading range for today is between 103.70 and 104.80
Trend forecast: Bullish
Natural gas price took advantage of stochastic attempt to provide positive momentum, to notice surpassing $3.600 level, recording some of the gains by reaching $3.750, but the repeated stability below the barrier at $3.870 represents a main barrier against regaining the bullish bias, to expect forming mixed trading, and there is chance for the decline again below $3.600 level and targeting the negative stations near $3.450 and $3.320.
While facing new bullish pressure and breaching the mentioned barrier will confirm its readiness to form strong bullish waves, to expect achieving several gains by its rally towards $3.950 and $4.150.
The expected trading range for today is between $3.550 and 3.800
Trend forecast: Bearish
The EURJPY pair remains stable until this moment near the extra support at 163.35 level, but stochastic is providing negative momentum that makes us confirm breaking this support, to begin forming bearish correctional, to target 162.40 level reaching the support near 161.85.
Reminding you that the chances for activating the bullish track valid for the price success to breach 163.85 level and providing a positive close to increase the chances for forming strong bullish waves to target 164.85 and 165.30 level.
The expected trading range for today is between 162.40 and 163.35
Trend forecast: Bearish
The GBPJPY pair formed more of the slow bearish waves, confirming their surrender to the suggested bearish scenario, by moving away from the barrier at 194.55 level, to repeat the pressure on the intraday obstacle at 192.90.
The continuation of providing negative momentum by stochastic will assist in forming an extra decline to target 192.35 level, reaching the main support at 191.70, while breaching the mentioned barrier will cancel the negative suggestion, to provide the price a chance to renew the bullish attempts by its rally towards 195.20 initially.
The expected trading range for today is between 192.35 and 194.20
Trend forecast: Bearish