The EURNZD ended its last corrective decline by hitting the target at 2.0100, providing extra support to attempt to reduce the chances of suffering new losses in the current period.

Stochastic reach to the oversold level will support the attempts to surpass the negative pressure and begin gathering positive momentum, to motivate the attempts of forming bullish waves, to target 2.0200 and 2.0280 level.

The expected trading range for today is between 2.0010 and 2.0170

Trend forecast: Bullish

Natural gas prices suffered some intraday negative pressure on Friday due to stochastic decline towards 50 level, targeting the support of the bullish channel to $2.310, to renew its positive action by its rally towards $2.430 to confirm the continuation of the suggested bullish scenario.

Note that the stability of the moving average 55 below the mentioned main support confirms the price confinement within the bullish trend, providing chance for gaining the extra positive momentum, to ease the mission of activating the bullish attack and targeting several gains that might begin at $3.550 and $3.710.

The expected trading range for today is between $3.350 and $3.550

Trend forecast: Bullish

The EURJPY pair repeated providing clear positive closes by its stability within the bullish channel’s levels, to notice forming bullish gap in this morning’s trading, breaching the barrier at 175.20, then recording extra gains by its stability near 176.15.

The continuation of the price fluctuation above 175.20, by the attempt of the main indicators to provide positive momentum will increase the efficiency of the bullish track, to expect targeting new positive stations that might begin at 176.95 and 177.45.

The expected trading range for today is between 174.60 and 176.95

Trend forecast: Bullish

The GBPJPY pair opened today’s trading with a big price gap, to settle above the barrier at 200.45, recording big gains by its rally towards 202.10, approaching the initial main target at 202.40, forming 161.8%Fibonacci extension level that appears in the above image.

And that confirms the price surrender to the bullish bias dominance, by providing extra positive momentum by the main indicators, which increase the chances of surpassing 202.40 level, to begin achieving extra gains by its rally towards 202.85 reaching 1.809% Fibonacci extension level near 203.85.

The expected trading range for today is between 200.60 and 202.80

Trend forecast: Bullish