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The CHFJPY tends to resume the rise – Analysis – 14-7-2023
The CHFJPY pair keeps the main stability within the bullish channel to move away from the major support at 158.25, forming some bullish waves to press on 161.30 barrier.
Stochastic continuous positive momentum signals and the attempt to crawl towards the overbought areas will increase the chances of breaching the mentioned barrier to open the way to reach new historical stations that might start at 161.85 and 162.55.
The expected trading range for today is between 160.80 and 161.85
The expected trend for today: Bullish
Natural gas price without any news – Analysis – 14-7-2023
Natural gas price failed to breach 2.750 obstacle at 2.750 to form temporary negative fluctuation and notice its fluctuation near the additional support at 2.550, expecting to get negative momentum by stochastic and postpone the bullish attack, to force some losses by crawling towards 2.350 and 2.050 levels.
On the other hand, succeeding to jump above 2.750 and getting positive close will confirm activating the bullish track, to expect achieving many gains that might start at 3.100 and 3.550.
The expected trading range for today is between 2.650 and 2.350
The expected trend for today: Bearish temporarily
The EURJPY settles below the resistance – Analysis – 14-7-2023
Despite the EURJPY pair forming some positive trades yesterday and reaching 155.10 level, that won’t confirm regaining the bullish bias due to the frequent stability below 155.90 extended resistance.
Also, the contradiction between the major indicators until this moment confirms the current weak trades, waiting to gather the additional negative momentum to manage to renew the negative attempts and target 153.80 level followed by repeating the pressure on 153.30 obstacle.
The expected trading range for today is between 155.45 and 153.80
The expected trend for today: Bearish
The GBPJPY hovers around the moving average – Analysis – 14-7-2023
The GBPJPY pair continued to fluctuate near the MA55 after failing to break the additional support 179.35, hinting its affection by the domination of the bullish bias again, noting that it is important to get positive close above 181.40 level to manage to target some positive stations that start at 182.10 followed by reaching 182.85 resistance.
On the other hand, failing to get the required positive momentum will force it to provide mixed sideways trades with chances of suffering some losses by crawling towards 180.25 again.
The expected trading range for today is between 180.80 and 182.10
The expected trend for today: Bullish