The GBPAUD succeeded in providing repeated positive closes above the support at 2.0780 level, which allows it to confirm the bullish track to rally towards 2.0944, note that the attempt to form an extra support at 2.0850 level will increase the efficiency of the bullish track, to expect resuming the bullish attack and targeting 2.0970 level reaching the next main target near 2.1025.

Note that stochastic attempt to exit from the overbought level that might force the price to form some sideways fluctuated moves until gathering the required extra positive momentum, to reach the suggested positive stations.

The expected trading range for today is between 2.0870 and 2.0790

Trend forecast: Bullish

Natural gas price formed new bearish wave yesterday, moving away from the neckline of the negative pattern at $3.050, to notice its stability near $2.760.

The main indicators unionism by providing negative momentum confirms the price surrender to the dominance of the bearish track, to keep waiting for reaching extra stations at $2.610 and $2.390 level.

The expected trading range for today is between $2.610 and $2.850

Trend forecast: Bearish

The EURJPY pair didn’t settle above 172.00 level, affected by stochastic exit from the overbought level, forming some of the bearish correctional waves and its stability near 171.65.

The continuation of the negative pressures will force it to suffer more of the losses, to expect attacking 170.45 level, to extend the losses towards 169.80 which might form a neckline for the negative double top level, therefore, we recommend monitoring the price behavior when reaching this level to detect the main trend in the upcoming trading.

The expected trading range for today is between 170.45 and 172.30

Trend forecast: Bearish

The GBPJPY pair activated with the negative pressure yesterday that comes from the stability below the resistance at 200.70 besides providing negative momentum by stochastic, approaching few points from the initial negative target at 198.40.

The continuation of gathering the negative momentum will ease the mission of resuming the bearish correctional attack, to reach 198.10 then attempts to press on 61.8%Fibonacci correction level at 197.45, while the price success in stepping above 199.80 will cancel the bearish suggestion, providing a chance for renewing the bullish attempts in the upcoming period.

The expected trading range for today is between 198.10 and 199.40

Trend forecast: Bearish