The EURCHF price ended the recent bullish rally by approaching 61.8% Fibonacci correction level at 0.9650, to form solid barrier against the bullish attempts, to notice forming correction al bearish rebound now and settle near 0.9595.

Also, stochastic exit from the overbought areas confirms surrendering to the domination of the correctional bearish bias, to expect resuming the negative attempts and target 0.9550 followed by reaching 0.9530.

The expected trading range for today is between 0.9530 and 0.9620

Trend forecast: Bearish

Natural gas price surrendered to stochastic negativity by crawling below the additional support at 4.180$ yesterday, hinting postponing the bullish attack to notice suffering some losses by reaching 4.020$.

The temporary negative trades might extend towards 3.900$ to face the minor bullish channel’s support line that forms the key to detect the next main trend, as the stability of the support line will reinforce the chances of activating the bullish attempts to push it to target 4.350$ level, while breaking the support will confirm moving to the negative track, to suffer new losses by moving towards 3.750$ and 3.630$ levels.

The expected trading range for today is between 3.900$ and 4.250$

Trend forecast: Bullish

The EURJPY pair approached the bearish channel’s resistance line yesterday at 162.40, to record the previously suggested targets followed by turning back to activate the negative trades by moving towards the MA55 near 160.85.

The stability of the resistance line and stochastic attempt to provide the negative momentum allow us to expect the beginning of providing negative trades, to expect targeting 160.00 followed by 159.30 levels soon, while succeeding to breach the resistance and holding above it will confirm moving to the bullish track to target 162.70 and 163.25 levels direct.

The expected trading range for today is between 160.00 and 162.00

Trend forecast: Bearish

The GBPJPY pair formed strong bullish rally yesterday, to approach the previously targeted barrier at 193.25, forcing it to postpone the bullish attempts and form new negative rebound to settle near 191.60.

Note that the contradiction between the major indicators and the stability of the mentioned barrier might force the price to provide mixed trades, with chances to decline towards 190.60 soon, followed by attempting to renew the bullish attempts and repeat the pressure on the barrier in order to find a way to resume the bullish attack in the upcoming period to target 193.80 and 194.40 levels.

The expected trading range for today is between 190.60 and 192.70

Trend forecast: Bullish