The GBPCAD pair formed bullish channel recently, to notice recording many gains by touching 1.6700 level, as the frequent stability above the major support at 1.6480 and 1.6675 level attempt to form additional support allow us to expect the beginning of gathering the additional momentum, to ease the mission of reaching the additional positive stations near 1.6930 and 1.7020.

The expected trading range for today is between 1.6700 and 1.6860

The expected trend for today: Bullish

Natural gas price has no escape from resuming he negative attack by consolidating within the bearish channel, in addition to the stability of the additional barrier 2.600, to notice forming new negative crawl recently and consolidate at 2.140.

Note that stochastic continuous attempt to provide the negative momentum will increase the chances of forming strong bearish waves in order to reach the first additional target at 1.750, followed by attempting to touch the historical support at 1.480.

The expected trading range for today is between 2.400 and 1.750

The expected trend for today: Bearish

The EURJPY pair reacted to the major indicators’ positivity, forming new bullish rally to face strong resistance at 145.65, to form solid obstacle against the attempt to move to the bullish track, noticing its rebound towards 144.85 now.

The upcoming scenario depends on the strength of the mentioned resistance, as its stability allows us to expect the beginning of forming negative waves that might push the price to decline towards 144.00 and 143.45 levels, while succeeding to surpass 145.65 resistance will confirm moving to the bullish track, to start targeting more positive stations, and 146.25 will form the first target for the bullish track.

The expected trading range for today is between 145.65 and 144.00

The expected trend for today: Bearish

The GBPJPY pair surpassed the bearish channel’s resistance yesterday at 164.10, achieving additional gains by reaching 165.45 level followed by turning to fluctuate near 164.50, while confirming the positivity requires getting new positive close above the breached resistance, to manage to renew the bullish attempts and target 166.00 followed by reaching the additional barrier at 166.70.

On the other hand, turning back to fluctuate below 164.00 will cancel the bullish attempts to form strong negative waves and suffer many losses by crawling towards 163.20 level, followed by reaching the MA55 at 162.05.

The expected trading range for today is between 164.00 and 164.50

The expected trend for today: Bullish