The EURCHF continued to form bearish waves in the last period, to reach the second target at 0.9075 which represents %78.2 Fibonacci extension level.

The main indicators contradiction might push the price to provide mixed trading, however the negative stability below 0.9215 level and the stability of the moving average 55 above the current trading, these factors make us keep the negative scenario, which might target 0.8975 level reaching towards 0.8860.

The expected trading range for today is between 0.9030 and 0.9155

Trend forecast: Bearish

The neediness of Natural gas price to the bullish momentum led it to provide weak sideways trading, keeping its fluctuation near the main support at $3.000, gathering bullish momentum is important to allow it to begin forming bullish waves, expecting to reach $3.400 and $3.750.

While facing new bearish pressure and reaching below the main support will confirm its move to a new bearish phase, which forces it to suffer several losses by reaching $2.850 and $2.660.

The expected trading range for today is between $2.950 and $3.450

Trend forecast: Bearish

The EURJPY pair failed to resume the bearish corrective trend due to its stability above 180.80 support, to begin forming some bullish waves by its stability near 181.75.

Note that the continuation of providing positive closes above the current support, and the attempt of the main indicators to provide bullish momentum will increase the chances of recovering more of losses by its rally towards 182.60 and surpassing it might extend the trading towards 183.35.

The expected trading range for today is between 181.10 and 182.60

Trend forecast: Bullish

The GBPJPY pair affected by the contradiction of the main indicators, since Friday’s trading to delay the negative attack and providing mixed trading, to approach from 209.15 barrier.

This scenario depends on the strength of this barrier, the stability below it will increase the chances of forming new bearish waves, attempting to reach 207.60 and 207.05, while surpassing the barrier will allow it to recover some losses by its rally towards 209.80 directly, to attempt to test the resistance near 210.60.

The expected trading range for today is between 208.00 and 209.20

Trend forecast: Fluctuated within the bearish track.