The CHFJPY formed some bullish corrective trading, to retest the resistance at 200.50, forming bearish waves, to settle near 199.70 level, confirming the stability of the previously suggested bearish scenario.

the stability of the moving average 55 below the previously mentioned resistance will confirm the price confinement within the bearish track, to keep waiting for forming new bearish waves, to target 199.10 level, then to attempt to break 198.80 barrier to ease the mission of targeting more negative stations in the upcoming period.

The expected trading range for today is between 198.80 and 200.00

Trend forecast: Bearish

Natural gas prices didn’t move anything in the last trading, to keep its negative stability below $3.520, fluctuating in sideways range near $3.300 level, keeping its move below the moving average 55.

The attempt of stochastic to provide negative momentum that will increase the chances of forming new bearish waves, to expect reaching $3.150, to press on the initial support near $2.920, while breaching the mentioned barrier and holding above it will confirm its move to the positive path, to increase the chances of recording several gains by its rally gradually towards $3.620 and $3.860. 

The expected trading range for today is between $3.150 and $3.380

Trend forecast: Bearish

The EURJPY pair formed some bearish trading, however it didn’t settle for longtime by its stability above 183.40, forming several bullish waves by targeting 184.85 barrier, to settle near 184.20.

In spite of the stability of the price below 184.85 barrier, however the contradiction of the main indicators might force it to provide unstable mixed trading, to keep waiting for gathering extra negative momentum, which allows it to renew the pressure on the mentioned barrier, where breaking it will extend the trading towards the negative stations near 182.90 and 182.20.

The expected trading range for today is between 183.40 and 184.60

Trend forecast: Fluctuating within the bearish trend

The GBPJPY pair remains affected by the contradiction of the main indicators, which forces it to delay the negative attempts near the initial barrier at 213.50, the price keeps attempting to gain negative momentum, to ease the mission of surpassing the obstacle at 212.80, then begin targeting the main negative stations by reaching 211.80 and 211.30.

The risk of changing the current trend is represented by surpassing 214.50 level and holding above it, to confirm its readiness to activate the bullish trend, to expect targeting 215.10 and 215.60 levels initially.

The expected trading range for today is between 212.80 and 213.90

Trend forecast: Bearish