The GBPAUD confirmed the stability of the bullish scenario by providing positive close above the support of the bullish channel at 2.0260, taking advantage of providing positive momentum by stochastic, to notice its rally towards 2.0610, attempting to surpass 23.6%Fibonacci correction level.

The continuation of facing the positive pressures will ease the mission of surpassing the moving average 55 near 2.0610, opening the way for recording several gains that might extend towards 2.0695 and 2.0765.

The expected trading range for today is between 2.0465 and 2.0610

Trend forecast: Bullish

Natural gas prices ended their bullish correctional rally by providing a new negative close below the resistance at $3.240, keeping the chances of renewing the suggested negative attempts.

The stability of the moving average 55 below the main resistance and stochastic approach from 80 level will increase the chances for gaining the required negative momentum to renew the negative attempts, to keep waiting for targeting $2.940 and $2.820 level.

The expected trading range for today is between $2.940 and $3.200

Trend forecast: Bearish

The EURJPY pair provided new positive close yesterday above the barrier at 173.50 level, increasing the chances of resuming the main bullish attack that depends on its stability within the main bullish channel’s levels that appear in the above image.

Note that the attempt of stochastic stability within the overbought level, providing a new positive momentum to motivate it to target some of the positive stations, to expect its rally to 174.25 reaching the next main target near 175.20.

The expected trading range for today is between 173.00 and 174.25

Trend forecast: Bullish

The GBPJPY pair formed some bearish correctional waves, targeting 199.45 level to bounce again positively, to settle near the barrier at 200.45 level as appears in the above image.

The negative stability below the current barrier confirms delaying the attempt of resuming the bullish attack, to keep our bearish correction suggestion that might target 198.60 and 197.80 level, while the price success in achieving the breach and holding above the barrier will provide strong chance to record extra gains that might extend initially towards 201.55 reaching 202.40.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish