The CHFJPY took advantage of its stability within the bullish channel’s levels, besides forming extra support at 193.35 level, which allows it to record new gains by its rally towards 195.85.
Reaching overbought level by stochastic and the stability of the trading above 194.60 reinforces the chances of resuming the bullish attack, attempting to record extra gains that begin at 196.40 and 197.60.
The expected trading range for today is between 195.20 and 196.40
Trend forecast: Bullish
Natural gas price succeeded in resuming the bearish corrective attack, targeting extra support level at $4.200, reminding you that monitoring the price behavior now to confirm the expected targets in the upcoming trading.
The stability above this support will push it to begin forming bullish waves, to target $4.550 level reaching 38.2%Fibonacci correction level near $4.750, while breaking the current support will ease the mission of pressing on the bullish channel’s support at $3.950, increasing the chances of moving to the negative scenario in the upcoming period trading.
The expected trading range for today is between $4.200 and $4.550
Trend forecast: Bullish
The EURJPY pair ended yesterday’s trading by recording the target at 182.80, to settle near it attempting to take advantage of providing bullish momentum by the main indicators, reminding you that the continuation of forming extra support at 181.70 level will support the chances of resuming the bullish attack, to keep waiting for surpassing 182.80 level, to begin recording new gains that might extend in the near period towards 183.20 and 183.50.
While the failure of the breach will push the price to provide mixed sideways trading, and there is a chance for retesting the previously mentioned extra support.
The expected trading range for today is between 182.35 and 183.30
Trend forecast: Bullish
The GBPJPY pair didn’t move anything by forming sideways trading due to its stability continuously below the resistance at 208.80, forming an obstacle for resuming the bullish trend.
The price might form temporary corrective trading, but the stability within the bullish channel levels and the continuation of forming extra support at 206.90 level, these factors support the chances of renewing the bullish attack, to expect surpassing the current resistance by recording new gains that might extend 209.30 and 209.75.
The expected trading range for today is between 207.40 and 208.90
Trend forecast: Fluctuated within the bullish trend