The EURNZD confirmed its surrender to the bearish corrective bias dominance due to the failure of surpassing the barrier near 2.0420, activating with stochastic negativity by reaching 2.0210 as appears in the above image.

Facing negative pressures might force it to suffer more of the losses by reaching 2.0170, to face extra support near2.0060, while breaching the barrier and holding above it will return the bullish trend, which makes us prefer targeting new positive stations that begin at 2.0520 and 2.0635.

The expected trading range for today is between 2.0060 and 2.0320

Trend forecast: Bearish

Natural gas price ended the last negative decline by facing the moving average of 55 near $3.420, forming a new obstacle against the negative attack, which forces it to provide weak sideways trading as appears in the above image.

In general, the bearish scenario remains valid by the continuation of forming and extension by the current resistance at $3.960 level, and the stability of stochastic within the oversold level will increase the negative pressures on the current trading, to expect resuming the negative attempts and targeting $3.165 and $2.950.

The expected trading range for today is between $3.165 and $3.650

Trend forecast: Bearish

The EURJPY pair suffered strong negative pressures, reaching below the bullish channel’s support at 183.45 level, to suffer intraday losses by targeting 182.80 level, which forms a key support level to take advantage of its rally towards 183.40.

The confinement between extra support at 182.80 and 183.60 level makes us expect extending the support of the broken bullish channel, to keep the neutrality until confirming the trend by surpassing one of these levels, note that the price rally above 183.60 will reinforce the chances of renewing the bullish attempts, to expect targeting 184.40 barrier, and surpassing it will form next target at 184.90 level in the bullish trading.

The expected trading range for today is between 182.80 and 183.60

Trend forecast: Neutral

The GBPJPY pair succeeded in surpassing the negative pressure after hitting 210.50 level, activating with stochastic positivity by surpassing the barrier at 211.30, to begin recording new gains by reaching 212.15.

The price needs to provide a new positive close above the breached barrier, which allows it to take advantage of the main indicators positivity, to expect its rally towards 212.55 and breaching it will make it reach the bullish channel’s resistance at 213.75, while the fluctuation below the barrier will force it to provide mixed trading with a new chance for suffering some losses by reaching 21.50 and 209.75.

The expected trading range for today is between 211.00 and 212.50

Trend forecast: Bullish