The EURNZD approached by its last bullish rally from the resistance of the bullish channel by hitting 2.04840 level, forcing it to form temporary bearish correction, affected by stochastic exit from the overbought level, activating the attempts of taking the profits by reaching 2.02425.

Note that the stability of the price within the bullish channel’s levels mainly by forming extra support at 2.01850 level, make us wait for gathering bullish momentum then begin forming strong bullish waves, to target 2.04185 level re205420 resistance, which forms the main target in the current period trading.

The expected trading range for today is between 2.02245 and 2.04285

Trend forecast: Bullish

Natural gas price affected by the economic data, forming strong bullish rally yesterday, surpassing the resistance at $3.350 then recording big gains by reaching $4.060, to settle above $3.830 level, which forms a new support against the bullish trading.

Providing positive momentum by the main indicators will increase the strength of the bullish track, to expect resuming the bullish attack, to target $4.150 level reaching the next resistance near $4.280.

The expected trading range for today is between $3.900 and $4.150

Trend forecast: Bullish

Despite the weakness of the EURJPY pair last trading, its stability within the bullish channel’s levels and the continuation of forming extra support at 175.25 level supports our bullish suggestion in the near trading, to keep waiting for targeting 177.05 level reaching the top at 177.85.

Note that reaching below the current support and providing negative close will force it to activate the bearish corrective track, reaching 174.15 initially, and breaking this level will force it to decline towards 173.40, approaching the support of the main bullish channel.

The expected trading range for today is between 175.25 and 177.05

Trend forecast: Bullish

The GBPJPY pair began receiving the bullish momentum by stochastic exit from the oversold level, keeping its stability above the extra support at 201.70 as appears in the above image.

We expect the trading rally towards 203.10 level, forming the initial target of the bullish track then attempt to reach the extra barrier at 203.95, while the price decline below the current support will confirm delaying the bullish track, which forces it to suffer intraday losses by reaching 201.10 and 200.45.

The expected trading range for today is between 201.70 and 203.10

Trend forecast: Bullish