The GBPAUD confirmed the continuation of the bullish corrective scenario by moving way from the main support at 1.8675, achieving several gains by its rally towards 1.9270, taking advantage of the continuation of providing positive momentum by stochastic in the previous period.

Forming extra support at 1.9060 level will increase the efficiency of the bullish corrective track, to keep waiting for attacking 1.9310 level, and surpassing it will open the way for recording extra gains that might begin at 1.9400 reaching 1.9515.

The expected trading range for today is between 1.9155 and 1.9310

Trend forecast: Bullish

Despite the weakness of Natural gas price in the last period, the negative stability below $3.450 barrier and providing negative momentum by the main indicators will increase the efficiency of the bearish track in the near and medium trading, to keep our expectation of attempting to target $2.810 level reaching the extra support at $2.620.

Whie the price rally above the barrier and providing positive close will confirm its readiness to form strong bullish trend, to expect targeting $3.750 and $4.200 level.

The expected trading range for today is between $2.620 and $3.150

Trend forecast: Bearish

The EURJPY pair opened this morning with new positive trading, to rally above 184.20 level to confirm the dominance of the bullish trend in the near and medium trading, the price needs to provide a new positive close above the breached barrier, to reinforce the chances of its rally towards the extra positive stations at 184.85 reaching 185.45.

Stochastic stability within the overbought level accompanied by the positivity of the moving average 55 provides a chance for gaining extra positive momentum to ease the mission of reaching the previously suggested positive stations.

The expected trading range for today is between 184.00 and 184.80

Trend forecast: Bullish

The GBPJPY pair provided weak sideways fluctuation, to remain near 213.00 level, the stability within the bullish channel levels makes us wait for breaching the obstacle of 213.30, to open the way for recording new gains that might extend towards 214.05 and 215.20.

The risk of changing the main trend by the attempt of breaking the bullish channel’s support at 211.60, which might force it to suffer several losses by targeting 210.60.

The expected trading range for today is between 212.45 and 214.05

Trend forecast: Bullish