The CHFJPY price provided new negative close below 176.95 barrier, forming some negative waves by reaching 175.95 followed by forming some sideways trades in order to gather the required additional positive momentum to resume the decline on the near-term and medium term basis.

These factors allow us to keep our negative overview, waiting to target 175.80 level soon, followed by reaching the additional support at 175.45, to form the main target of the current trades.

The expected trading range for today is between 176.65 and 175.55

Trend forecast: Bearish

Natural gas price still surrendered to the negative pressures, to notice its recent stability below the MA55 that forms additional barrier at 3.170$, to resume the negative crawl and settle near 2.270$.

Note that facing continuous negative pressures allow us to keep the bearish overview for now, to expect suffering additional losses soon by moving towards 2.100$ followed by reaching the next additional support at 1.950$.

The expected trading range for today is between 2.460$ and 2.100$

Trend forecast: Bearish

The EURJPY pair continued to face the additional negative pressures by providing new closings above 171.60 additional support, reinforce the chances of renewing the bullish rally, as succeeding to gather the positive momentum will push it to target 172.95 level, while confirming breaching this obstacle will lead the price towards 174.30 as a next main target.

On the other hand, surrendering to stochastic negativity and crawling below the current support will force it to resume the correctional decline, to expect moving towards 170.65 soon, followed by reaching the bullish channel’s support line at 169.55.

The expected trading range for today is between 171.60 and 172.95

Trend forecast: Bullish

Despite the negative pressures on the GBPJPY pair’s recent trades, the frequent stability within the bullish channel that depends on 204.40 level forming the extension of the major support in addition to the current stability above 204.75 allow us to keep the bullish overview again.

The contradiction between the major indicators might force the price to form some sideways trades until gathering the positive momentum, to manage to form bullish waves and surpass 205.35 obstacle followed by waiting to reach the main stations at 206.30 and 208.00.

The expected trading range for today is between 204.60 and 206.30

Trend forecast: Bullish