The EURNZD price formed strong bullish rally on last Friday to surpass the bullish channel’s resistance line at 1.8880, achieving big gains by reaching 1.9050, while the current sideways fluctuation is caused by stochastic attempt to exit the overbought areas, to keep waiting to gather the additional positive momentum soon followed by starting to target new positive stations that might extend towards 1.9090 followed by reaching 1.230.

Note that declining below the breached resistance will postpone the bullish attack for now to start activating the correctional bearish track before reaching the suggested targets.

The expected trading range for today is between 1.8900 and 1.9100

Trend forecast: Bullish

Natural gas price started to get the positive momentum to reinforce the sharpness of the bullish rally and notice its approach to the first target at 4.760$.

We expect to get the positive momentum by the major indicators to target new positive stations that might extend towards 4.830$ followed by attacking the bullish channel’s resistance line at 5.000$, assuring the importance of holding above the additional support at 4.450$.

The expected trading range for today is between 4.550$ and 4.830$

Trend forecast: Bullish

The EURJPY pair kept its stability below the MA55 at 160.90 on last Friday, to continue forming solid obstacle against resuming the bullish attack and notice forming sideways trades by settling near 160.00.

We remind you that the stability of the additional support 158.85 allows us to wait to gather the required positive momentum to surpass the current obstacle and target new positive stations that start at 161.65 and 162.00, while facing strong negative pressures and crawling below the additional support will force it to suffer big losses that might extend towards 158.30 followed by reaching the next support at 157.30.

The expected trading range for today is between 159.40 and 160.90

Trend forecast: Bullish

The GBPJPY pair kept its stability above 189.75 support line recently, facing the negativity of the major indicators by rallying towards 190.70 to reinforce the chances of activating the previously suggested bullish track.

The price might form mixed trades until gathering the positive momentum to manage to target many positive stations by moving towards 191.80 first, followed by attempting to surpass the MA55 and touch the next main target at 193.25.

The expected trading range for today is between 190.00 and 191.80

Trend forecast: Bullish