The CHFJPY ended its bullish rally by reaching 204.00 level, to form an intraday barrier against the bullish attempts, forcing it to form temporarily corrective rebound, to settle near 202.25.
Note that the main stability within the bullish channel’s levels and the attempt to form extra support at 201.25 level, these factors makes us wait for gathering positive momentum that will allow it form new bullish rally, to press on the barrier, and if it manages to surpass this level, it will record extra gains that might begin at 204.65 and 205.00.
The expected trading range for today is between 201.85 and 204.00
Trend forecast: Bullish
Natural gas price benefited from stochastic exit from the oversold level, to form some bullish waves, to settle near $3.450 barrier.
MoreThe EURJPY pair is affected by the stability at 184.40 barrier in the last period, which forces it to form new negative trading, approaching the initial negative target at 182.90 as appears in the above image.
MoreThe GBPJPY pair repeatedly provided negative closes below 213.00 level, forcing it to provide mixed trading by reaching 211.90 as previously expected, this decline will not threaten the bullish scenario, depending on the continuation of forming extra support at 210.60 level, which makes us wait for gathering positive momentum, to activate the attempts of breaching the barrier and targeting new positive stations that might extend towards 214.20 and 215.00.
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