The GBPCAD formed several bullish waves, taking advantage of its main stability within the bullish channel’s levels that appear in the above image, besides forming extra support by the moving average 55 stability neat 1.8415, recording clear gains by its fluctuation near 1.8700.
Forming an extra support at 1.809%Fibonacci extension level at 1.8645 makes us expect increasing the efficiency of the bullish track, to ease the mission of surpassing 1.8750 to reach the extra positive stations near 1.8835 and 18885.
The expected trading range for today is between 1.8650 and 1.8750
Trend forecast: Bullish
Natural gas price confirmed its surrender to the dominance bearish bias by forming bearish gap in this morning trading and its stability near $2.650, moving away from the main resistance at $3.140.
The continuation of providing negative momentum by the main indicators will ease the mission of resuming the negative attempts by breaking $2.610 level and reaching the next target at $2.390.
The expected trading range for today is between $2.390 and $2.770
Trend forecast: Bearish
The EURJPY pair continued providing weak sideways trading by its repeated fluctuation near 172.00 level, reducing its effect as an extra barrier, taking advantage of providing positive momentum by stochastic rally above 50 level.
Reminding you that resuming the bullish attack requires forming several strong bullish waves, to reach the resistance at 173.40, to begin recording new gains by its rally towards 174.10, reaching the main target at 175.15.
The expected trading range for today is between 171.70 and 173.40
Trend forecast: Bullish
The GBPJPY pair ended the bearish correctional attempts by facing important extra support at 197.85, which forces it to provide mixed sideways trading near 199.00 level.
The continuation of the trading above the current support besides the attempt of the main indicators to provide positive momentum, makes us expect activating the bullish attack to attempt to breach 200.30 level, then extend the trading towards the extra stations near 200.80 and 201.55.
The expected trading range for today is between 198.20 and 200.80
Trend forecast: Bullish