The EURNZD price succeeded to confirm the bullish scenario by settling above 1.8195 support line recently, to notice forming strong bullish rally to achieve many gains by reaching 1.8348.
We expect to form additional support at 1.8340, noting that the continuous positive momentum coming by the major indicators will increase the chances of targeting additional positive stations that we are waiting to target 1.8420$ followed by 1.8485$ levels soon.
The expected trading range for today is between 1.8340 and 1.8420
Trend forecast: Bullish
Natural gas price took advantage of the minor bullish channel’s support line stability at 3.950$ to start forming new bullish waves and achieve some gains by reaching 4.190$, to close the recent gap.
The contradiction between the major indicators might push the price to form some sideways trades until gathering the required positive momentum to record more gains by rallying towards 4.300$ first, followed by repeating the pressure on 4.500$ high.
The expected trading range for today is between 4.050$ and 4.300$
Trend forecast: Bullish
The EURJPY pair lost the negative momentum to provide sideways fluctuation by settling near 156.85.
We remind you that the negative scenario will remain valid due to the consolidation within the bearish channel, in addition to 158.90 level that forms major barrier, which allow us to wait to gather the negative momentum again to ease the mission of targeting the negative stations by moving towards 155.30 level first, while breaking this obstacle might extend losses towards 153.90 to form the next main target for the negative trades.
The expected trading range for today is between 155.30 and 157.60
Trend forecast: Bearish
The GBPJPY pair provided more sideways trades by settling above the additional support line at 188.15, which hinders the chances of resuming the previously suggested negative attack.
We remind you that the main stability within the bearish channel that appears on the chart in addition to 189.75 level that keeps forming additional barrier allow us to wait to break the current support to manage to target the negative stations at 186.90 followed by 184.85 levels.
The expected trading range for today is between 188.10 and 189.70
Trend forecast: Sideways