No change on CHFJPY’s price track until this moment, due to its stability above the support of the bullish channel’s support near 198.65, besides the attempts of the main indicators to provide bullish momentum, fluctuating near199.90 level.
We expect the continuation of gathering bullish momentum by forming bullish waves, attempting to reach 200.50, to extend the trading towards facing %61.8 Fibonacci corrective level at 201,25, which represents confirmation key for the main trend on the medium-term trading.
The expected trading range for today is between 0.5630 and 0.5720
Trend forecast: Bullish
Natural gas price began receiving bullish momentum due to stochastic rally above 50 level, which allows it to settle above the bullish channel’s support at $3.000 level, forming some bullish waves by its stability near $3.190.
Note that surpassing $3.520 is important to reinforce the dominance of the bullish trend, to open the way for recording several gains, which make $3.750 level forms the main initial target, while the price decline below the main support and providing negative close will confirm its move to bearish path, to expect suffering several losses by reaching $2.850 and $2.660 initially.
The expected trading range for today is between $3.050 and $3.450
Trend forecast: Bullish
No change for the EURJPY pair’s track until this moment, due to its positive stability above 180.80 support level, recording some gains by reaching 183.10.
Gathering bullish momentum is important for resuming the bullish trend, which might target %50 Fibonacci correction level initially, and surpassing it will reinforce the chances of its rally towards 184.05, to face %61.8 Fibonacci correction level.
The expected trading range for today is between 181.80 and 184.05
Trend forecast: Bullish
The GBPJPY pair couldn’t confirm the trend in Friday’s trading due to its fluctuation between the sideways range levels that are represented by 209.15 barrier, while 208.20 level keeps forming strong extra support against the current trading.
We recommend the neutrality and waiting to confirm surpassing one of these levels to detect the main trend, reminding you that confirming breaching the barrier will open the way for recording several gains that might begin at 210.65 and 211.70, while breaking the stability and holding below it will push the price to suffer several losses, reaching 207.05 initially.
The expected trading range for today is between 208.20 and 209.15
Trend forecast: Neutral