The CHFJPY resisted the intraday negative pressure due to stochastic reach below 50 level, to keep its stability within the bullish channel’s levels, to notice it continued fluctuation above the initial support at 198.75.

The main indicators attempt to provide bullish momentum will increase the chances of forming new bullish waves, to keep waiting for targeting 200.55 level, then recording the next main target at 202.20, which represents 216.8%Fibonacci extension level that appears in the above image.

The expected trading range for today is between 199.00 and 200.55

Trend forecast: Bullish

Natural gas price continued providing weak sideways trading, affected by the contradiction between the main indicators besides forming a significant obstacle against the attempts to renew the bullish attack, fluctuating near $3.850.

There is a chance for forming new bearish waves, to press on the moving average 55 at $3.450, and surpassing it might extend the losses towards $3.050, facing the extension of historical support, while the price success in surpassing $4.000 level and holding above it will allow it to renew the bullish attempts, to expect targeting $4.220 and $4.450 level.

The expected trading range for today is between $3.450 and $4.050

Trend forecast: Bearish

The EURJPY pair repeated providing sideways trading since yesterday, due to the contradiction between the main indicators, to keep its stability near 183.45, taking advantage of forming extra support at 182.70 level.

In general, the stability above the main bullish channel’s support at 182.15 makes us wait for gathering bullish momentum to allow it to surpass 184.00 barrier, to confirm its readiness to record extra gains that might begin at 184.55 and 184.85.

The expected trading range for today is between 182.80 and 184.00

Trend forecast: Bullish

The GBPJPY pair benefited from the positive stability above 210.40, to begin activating with the main indicators’ positivity, approaching the initial target at 212.15.

The continuation of providing bullish momentum by the main indicators will supports the chances of breaching 212.15 level will reinforces the chances of attacking the previously broken bullish channel’s support at 212.55, which is considered as a confirmation key for the main trend in the upcoming trading, breaching this level will confirm the price readiness to record new gains that might begin at 213.00 and 213.45, while the risk of changing the bullish trend is represented by breaking 210.40 support.

The expected trading range for today is between 211.30 and 212.55

Trend forecast: Bullish