The GBPCAD price provided many positive closings above the additional support at 1.7815, to keep its stability within the bullish channel to notice its fluctuation near 1.7910 now.

Note that stochastic crawl towards the overbought areas will increase the positive pressures on the price to provide the chance to record additional gains that might start at 1.7980 followed by reaching 1.8070 on the medium-term basis.

The expected trading range for today is between 1.7870 and 1.7980

Trend forecast: Bullish

Natural gas price continued to form strong bullish waves yesterday, to notice surpassing 4.330$ barrier and record new gains by touching 4.480$ level.

We will depend on 4.330$ level forming additional support, noting that stochastic crawl towards the overbought areas will increase the positive pressures on the price, to expect targeting 4.650$ level soon, while surpassing it will extend trades towards the bullish channel’s resistance line at 4.810$.

The expected trading range for today is between 3.330$ and 4.650$

Trend forecast: Bullish

The EURJPY pair attacked the additional support at 157.30 this morning, to hint confirming the bearish scenario and settle near 156.80 now.

The continuous negative momentum provided by the major indicators will push the price to provide more negative attempts, to expect moving towards 155.40 soon, while breaking this obstacle might force the price to suffer additional losses by crawling towards the bearish channel’s support line at 153.75.

The expected trading range for today is between 155.40 and 157.80

Trend forecast: Bearish

The GBPJPY pair formed new negative attack this morning, surpassing the negative target at 189.70 to confirm regaining its preparation to resume the decline by settling at 189.25 now.

We assure the importance of providing negative close below 190.00 to reinforce the chances of reacting to the negativity of the major indicators, to expect targeting new negative station that might start at 188.70 followed by reaching the key support 187.90.

The expected trading range for today is between 187.90 and 190.60

Trend forecast: Bearish