The GBPAUD ended its bullish rally by recording the initial target at 2.1035, facing 161.8%Fibonacci extension level, to form an intraday barrier against the attempts of resuming the bullish attack, which explains the negative rebound to 2.0915.

Note that the attempt of forming extra support at 2.0780 level will reinforce the chances for gathering the required positive momentum, to surpass the mentioned barrier, then begin targeting new bullish stations by its rally towards 2.1085 and 2.1150.

The expected trading range for today is between 2.0865 and 2.1035

Trend forecast: Fluctuated 

Natural gas price lost the positive momentum yesterday, affected by the repeated stability below the barrier at $3.850, besides stochastic reach below 50 level, forcing it to delay the bullish scenario by forming bearish correctional waves, to settle near the initial support at $3.6000 level.

Note that breaking the current support and providing a negative close below it, will force it to resume the correctional decline, which forces it to suffer some gains by reaching $3.480 and $3.320.

The expected trading range for today is between $3.480 and $3.670

Trend forecast: Bearish

The EURJPY pair kept positive stability, taking advantage of forming extra support at 163.35 level, to begin achieving some of the gains by its rally towards the initial target by hitting 164.20 level.

The positive factors are represented by the continuation of forming main support at 162.00 level, and providing positive momentum by the main indicators, so that confirms the continuation of the positivity, which might target 164.80 level, to attempt to breach the obstacle near 165.20, to reinforce the continuation of the positivity in the upcoming period.

The expected trading range for today is between 163.30 and 165.20

Trend forecast: Bullish

The GBPJPY pair ended providing new positive closes by its stability above the extra support at 194.20, to notice forming a strong bullish rally, surpassing the barrier at 195.65 level and its approach from the initial main target at 196.45.

The continuation of providing positive momentum will increase the efficiency of the bullish track, which makes us prefer targeting new positive stations that might extend to 196.90 reaching 61.8% Fibonacci correction level.

The expected trading range for today is between 194.90 and 196.90

Trend forecast: Bullish