The GBPAUD remains affected by the contradiction between the main indicators, which forces it to form mixed sideways trading in the last period, but its repeated stability above 23.6% Fibonacci correction level, which forms an important support at 2.0510 that supports activating the suggested bullish track.

We notice forming some of the bullish waves by its fluctuation near 2.0635, to expect gathering positive momentum and rally towards 2.0745 directly, surpassing this barrier will make the price achieve extra gains that might begin at 2.0860 and 2.0930. 

The expected trading range for today is between 2.0550 and 2.0745

Trend forecast: Bullish

Natural gas prices are forced to delay the bullish rally after suffering new negative pressures in today’s trading, by a stochastic decline to the oversold level, which forces it to break the initial support at $3.600 and hold near the next support at $3.440.

Continuing providing negative momentum by the main indicators might force the price to provide sideways trading, to keep waiting for the price rally again above $3.600 level, to confirm it regaining the bullish bias, by targeting $3.780 reaching to $3.910 level.

The expected trading range for today is between $3.380 and $3.600

Trend forecast: Sideways

The EURJPY pair is affected by the negative pressures, due to its repeated stability below the resistance at 164.90, forming several bearish waves, approaching from the initial support at 163.35 level.

The suggested scenario depends on the stability of the current support, to expect activating the bullish track, which might target 164.20 and 164.90 level gradually, while breaking the support and holding below it will increase the chances for resuming the decline, and 162.40 level represents the next target of the bearish track.

The expected trading range for today is between 163.30 and 164.90

Trend forecast: Bullish

The GBPJPY pair activated the bearish correctional track, due to its reach below 194.60 level, affected by stochastic exit from the overbought level, which forces it to suffer some losses by reaching 193.90.

Depending on the key support extension on 193.35 level, to increase the chances for activating the bullish track, to step above 194.60 then targeting 195.70 level, while breaking the support will force it suffer extra losses that might extend to 192.65 reaching to the moving average 55.

The expected trading range for today is between 193.35 and 195.00

Trend forecast: Bullish