The EURNZD continued forming clear negative movement, affected by the continuation of forming strong barrier at 2.0335 level, suffering some losses by its stability near 2.0120, noting that the continuation of stochastic stability within the oversold level will increase the negative pressure on the current trading, to pave the way for reaching the initial target at 2.0060. Breaking this barrier might extend the losses towards 1.9955 directly, to face the moving average of 55.

While the stability above 2.0060 level will force it to form mixed trading, and there is a chance for recovering some losses by its rally towards 2.0210 before any attempt to reach the previously suggested negative target.

The expected trading range for today is between 2.0060 and 2.0175

Trend forecast: Bearish

Natural gas price lost its bullish momentum by stochastic exit from the overbought level, which forces it to settle below $5.1500 level, forming corrective trading to approach the $4.850 level.

Reminding you that the stability above the extra support at $4.750 will increase the chances of renewing the bullish attempts, attacking $5.150 level, and surpassing it will confirm the continuation of the positivity which might target $5.450 and $5.710 level.

The expected trading range for today is between $4.750 and $5.150

Trend forecast: Fluctuated within the bullish track.

The EURJPY pair confirmed the bullish scenario by forming several bullish waves, approaching the current sideways track barrier that is represented by 181.70 level.

Providing bullish momentum by the main indicators makes us expect breaching the current barrier to show its readiness to record several gains in the near period by its rally towards 182.35 reaching the next main target at 183.10.

The expected trading range for today is between 181.20 and 182.35

Trend forecast: Bullish

The GBPJPY pair succeeded in jumping above the barrier at 206.90, announcing its readiness to resume the bullish attack, reaching 207.90 to approach the main initial target at 208.20.

Providing bullish momentum by the main indicators, specifically the stability of stochastic within overbought level will increase the efficiency of the bullish scenario, to expect recording new gains that might extend towards 208.60 reaching the next main target at 209.50.

The expected trading range for today is between 207.00 and 208.60

Trend forecast: Bullish