The GBPAUD was affected by strong negative pressures, forming bearish correctional waves and targeting 23.6%Fiboancci correction level at 2.0505, note that the moving average 55 rally to settle near the initial support at 2.3196 level and stochastic attempt to exit the oversold levels, these are factors will support renewing the bullish attempts in the near and medium period, to expect the price rally to 2.0735 and 2.0870. 

The expected trading range for today is between 2.054 and 1.0730

Trend forecast: Bullish

Natural gas prices still need positive momentum until this moment, forming mixed waves yesterday by suffering temporary losses by hitting the $3.440 level, then bouncing directly to settle near the moving average 55 at $3.600.

Notet that the continuation of forming extra support at $3.280 level will reinforce the chances for activating the bullish attack, to keep waiting for targeting $3.780 level, and surpassing this barrier might extend the trading towards the next target at $3.910 level.

The expected trading range for today is between $3.550 and $3.910

Trend forecast: Bullish

The EURJPY pair approached from the moving average 55 as we expected, hitting 161.58 level, which forces it to form an intraday rebound to gain more of the negative momentum, to confirm the continuation of the suggested negativity.

The stability of the barrier at 163.25 forms a main factor for motivating the chances for resuming the negative attack, to keep waiting for reaching below the moving average 55, opening the way towards targeting extra stations that might begin at 160.85 and 160.20.

The expected trading range for today is between 161.00 and 162.85.

Trend forecast: Bearish

The GBPJPY pair provided new negative trading, attempting to break the support of the sideways triangle at 190.85 level, but it bounced again towards 191.10, keeping its stability below the moving average 55.

While providing negative momentum by stochastic approach from 20 level makes us wait for confirming breaking the current support, which allows it to activate the negative attack, which might target 189.90 level reaching the next target at 189.20.

The expected trading range for today is between 189.90 and 191.50

Trend forecast: Bearish