The GBPAUD price ended the correctional bearish rebound by facing the minor bullish channel’s support line at 1.9120, followed by starting to form some bullish waves by settling near 1.9250 now.

We expect the attempt to activate the bullish attack again conditioned by getting new positive closings above the mentioned support, in addition to stochastic attempt to provide the positive momentum, to target 1.9350 as a first station, while surpassing might extend trades towards 1.9380.

The expected trading range for today is between 1.9140 and 1.9300

Trend forecast: Bullish

Natural gas price repeated the attempts to record additional gains by touching 3.000$ level, while 3.050$ level attempt to form additional barrier and stochastic attempt to exit the overbought areas will increase the chances of gathering the negative momentum to confirm the correctional bearish scenario that will target 2.840$ and 2.770$ levels.

On the other hand, succeeding to breach the barrier and settling above it will open the way to form strong bullish waves, to start targeting new positive stations by rallying towards 3.100$ followed by reaching 3.170$ recorded high.

The expected trading range for today is between 2.840$ and 3.030$

Trend forecast: Bearish

The EURJPY pair failed to resume the bullish rally by facing 38.2% Fibonacci correction level that forms solid barrier at 162.40, to notice forming some negative waves by touching 161.00.

Now, the contradiction between the major indicators might force the price to provide weak sideways trades, while the frequent stability below the mentioned barrier will force it to provide new negative trades to suffer new losses by crawling towards 160.60 and 159.90 levels, while breaching the barrier and settling above it will allow the price to activate the bullish track to target 162.80 followed by 163.50 levels.

The expected trading range for today is between 160.60 and 162.20

Trend forecast: Bearish

The GBPJPY pair started to build new bullish track as appears on the chart, keeping its consolidation above the minor bullish channel’s support line at 191.20 in order to gather new positive momentum to confirm the continuation of the positivity for the upcoming period.

Stochastic positive momentum signals allow us to expected targeting 194.05 level soon, while surpassing it again will open the way to record additional gains that might extend towards 195.60 first, followed by reaching the next main target at 196.30.

The expected trading range for today is between 191.80 and 194.00

Trend forecast: Bullish