CHFJPY Price Analysis

Expected Scenario

• The CHFJPY price kept its positive stability above the bullish channel’s support line at 169.60, to notice activating the bullish track by rallying towards the initial barrier at 172.35 and holding near it, while stochastic continues to provide the positive momentum to assist to breach the current barrier and open the way to record additional gains that might extend towards 173.10 followed by reaching 173.80 as a next target.

Expected Trading Range

Between 171.65 and 173.00

Natural Gas Price Analysis

Expected Scenario

• Natural gas price repeated the negative closings below 2.930$ resistance line, confirming its fluctuation near 2.840$ level and surrender to the domination of the previously suggested bearish correction.
• We notice stochastic attempt to crawl towards the oversold areas, to increase the negative pressures on the price and reinforce the chances of forming bearish waves soon, in order to reach 2.640$ level followed by attempting to test the additional support at 2.520$.

Expected Trading Range

Between 2.900$ and 2.640$

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair ended the recent positive rally by facing key resistance at 170.80, to provide sideways fluctuation despite its consolidation within the main bullish channel that appears on the chart.
• Note that the stability of the current resistance might force the price to form some correctional negative waves to target 170.25 support line, while succeeding to surpass the resistance and holding above it will ease the mission of recording the additional gains near 171.20 and 171.65.

Expected Trading Range

Between 170.30 and 170.80

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair recorded new historical target by touching 200.70 followed by forming temporary sideways fluctuation, attempting to take breath and gather the additional positive momentum in order to reinforce the chances of resuming the rise on the near-term and medium-term basis.
• We continue to assure the importance of the stability above the initial support 199.10 to reinforce the efficiency of the bullish track, waiting to reach the additional stations near 201.25 followed by 202.00.

Expected Trading Range

Between 200.10 and 201.25