The EURNZD price is forced to form mixed trading, despite its stability within the bullish channel’s levels, affected by the strength of the barrier of 2.0635, fluctuating near 2.0550 level, taking advantage of the continuation of the support stability at 2.0410, increasing the chances of gathering the required bullish momentum of resuming the bullish attack.

Stochastic fluctuation below 80 level confirms the effect of the temporary sideways bias dominance, to keep waiting for gathering bullish momentum to ease the mission of surpassing the barrier at 2.0635, to begin targeting the extra stations near 2.0700 and 2.0760.

The expected trading range for today is between 2.0475 and 2.0635

Trend forecast: Bullish

No news for natural gas prices, due to their neediness to the bullish momentum, to fluctuate again between the support level at $4.200, while $4.750 level continues forming a strong barrier against the last bullish attempts.

Stochastic attempt to exit the oversold level confirms the price surrender to the sideways scenario, to keep waiting to breach the previously mentioned barrier, reinforcing the chances of recording new gains that might begin at $4.910 and $5.180.

The expected trading range for today is between $4.250 and $4.750

Trend forecast: fluctuating within the bullish track

The EURJPY pair confirmed its surrender to the bearish corrective bias dominance by providing several negative closes below 181.75 barrier, forming some corrective trading by targeting 179.75 level.

Despite the main stability within the bullish channel’s levels, the stability below the previously mentioned barrier and stochastic attempt to provide negative momentum support the dominance of the corrective bias, to target the initial support at 179.30 and breaking it might extend the trading towards 178.60, forming the main target of the current trading.

The expected trading range for today is between 179.30 and 181.10

Trend forecast: Bearish

The GBPJPY pair ended its last bullish rally by recording the target at 206.90, facing strong barriers to push it to activate the attempts of gathering the gains by reaching 204.30, to provide some sideways trading by its fluctuation near %2.00 Fibonacci extension level at 205.20.

Note that stochastic exit from the overbought level might force the price to resume the bearish corrective attempts, to renew the pressure on 204.20 level, then wait for testing extra support at 203.75. 

The expected trading range for today is between 204.30 and 205.70

Trend forecast: Bearish