The CHFJPY price confirmed ending the correctional bullish track by providing frequent negative closings below 174.30 barrier, forming some negative waves to settle near 172.50.

Stochastic attempt to crawl towards the oversold areas will increase the chances of gathering the additional negative momentum, to expect forming strong negative decline by targeting 171.60 first, followed by attempting to press on the additional support at 170.80.

The expected trading range for today is between 171.60 and 173.00

Trend forecast: Bearish

Natural gas price faced additional negative pressures yesterday to break 2.440$ support line and surpass the MA55 by settling near 2.380$, confirming its surrender to the negative track again.

We will depend on 2.610$ level forming major barrier against the negative trades, noting that the major indicators agree to provide the negative momentum to increase the chances of suffering additional losses by targeting 2.300$ and 2.245$ levels soon.

The expected trading range for today is between 2.300$ and 2.470$

Trend forecast: Bearish

Despite the EURJPY pair’s recent stability above the additional support 161.60, the MA55 keeps forming additional barrier at 163.25, and stochastic approach to 20 level, which might force it to activate the correctional bearish track by breaking the current support and suffer many losses by moving towards 160.95 and 16.10 levels.

On the other hand, activating the bullish track requires surpassing 163.25 barrier and settling above to reinforce the chances of recording some gains by rallying towards 163.85 and 164.35 levels.

The expected trading range for today is between 161.00 and 162.90

Trend forecast: Bearish

The GBPJPY pair confirmed its surrender to the domination of the correctional bearish bias by providing new negative close below 195.60 yesterday, affected by stochastic negativity, to settle near the first target at 193.90.

We expect to continue forming negative trades to press on the MA55 at 193.15, while breaking it will push the price to suffer additional losses by crawling towards 192.35 and 191.80.

The expected trading range for today is between 193.15 and 195.00

Trend forecast: Bearish