The EURNZD suffered strong bearish pressures in the last period trading, which forces it to form corrective waves, approaching the support of the main bullish channel’s support at 2.0050.

The stability above the previously mentioned support makes us wait for gathering positive momentum, which allows it to begin forming new bullish waves to reach 2.0170 then press on the barrier near 2.0245, while the price’s surrender to the negative pressures and reaching below the main support will confirm its move to the bearish track, which force it to suffer big losses by reaching 1.9995 and 1.9915 initially.

The expected trading range for today is between 1.0063 and 1.0170

Trend forecast: Bullish

Natural gas price surrendered to stochastic negativity, threatening the stability of the extra support at $3.830, suffering intraday losses by hitting $3.770 level, then attempts to settle above this support to confirm the dominance of the previously suggested bullish bias.

We recommend waiting for providing new bullish close for the upcoming four hours’ time frame above the current support, which reinforces the chances of forming several bullish waves, to target $4.050 level, reaching the barrier near $4.210, while facing new bearish pressures will confirm activating the bearish corrective track, which forces it to suffer more losses by targeting $3.690 and $3.550 level.

The expected trading range for today is between $3.800 and $4.050

Trend forecast: Bullish

The EURJPY pair began with strong bullish trading this morning by its rally above 177.05 level, indicating the continuation of the main bullish trend scenario, to record 177.75 level.

Note that surpassing the barrier at 178.00, to open the way towards recording new gains that might begin 178.65 and 179.35, while the price return to settle below 177.05 will cancel the positive suggestion, which forces it to form new corrective waves to target 176.30 and 175.65.

The expected trading range for today is between 177.10 and 178.65

Trend forecast: Bullish

The GBPJPY pair approached the target near 200.45 in yesterday's trading, which forms an important support level to push it to form bullish rebound by hitting 202.10 level, to indicate regaining the bullish trend.

The price needs a new bullish momentum that allows it to provide new bullish close above 201.70 level, reinforcing the chances of targeting positive stations that are located near 202.55 and 203.25, while declining and holding below 200.45 will force it to suffer extra losses, to expect targeting 199.20 level initially.

The expected trading range for today is between 200.80 and 202.55

Trend forecast: Bullish by the stability of 200.45