The GBPCAD formed bearish corrective trading after recording the target at 1.8890, reaching 1.8600 to face the moving average of 55, which forms an extra support against the bullish trading.

The main stability within the bullish channel’s levels and stochastic attempt to provide positive momentum by its exit from the oversold level will increase the chances of activating the bullish attack, to expect its rally towards 1.8775 then repeats the pressure on 1.8890 barrier.

The expected trading range for today is between 1.8645 and 1.8770

Trend forecast: Bullish

Natural gas price provided mixed trading due to the contradiction between the main indicators, but its main stability within the bullish channel’s levels, by the continuation of forming extra support at $3.830 level, these factors support confirming the continuation of the positivity in the upcoming trading.

Therefore, we will keep waiting for gathering bullish momentum in the current period, reinforcing the chances of its rally towards the positive stations that are located near $4.210 reaching $4.330 resistance, while reaching below the extra support and holding below it might force it to provide strong corrective trading, forcing it to suffer big losses by reaching $3.550 initially.

The expected trading range for today is between $3.850 and $4.215

Trend forecast: Bullish

The EURJPY pair faced difficulty resuming the bullish attack, to form extra barrier at 178.00 level, forcing it to activate the bearish corrective track by reaching 177.25.

Note that suffering extra bearish pressure might force it to break 177.05 level, to confirm its readiness to provide extra corrective trading, to target 176.35 and 175.65 level, while the price success by breaching 178.00 level and holding above it will reinforce the chances of recording extra gains, to expect targeting 178.65 and 179.30 level initially.

The expected trading range for today is between 176.65 and 178.00

Trend forecast: Bearish 

The GBPJPY pair ended yesterday by holding below the barrier at 20.3.95 level, which forces it to form some bearish corrective waves, to settle near 203.15 as appears in the above image.

Stochastic attempt to exit the overbought level confirms delaying the bullish rally, to expect suffering some extra losses by targeting 202.45 level, reaching the extra support at 201.75, while the price success in confirming the breach will ease the mission of recording extra gains by its rally towards 204.60 directly, reaching the top near 205.25.

The expected trading range for today is between 202.45 and 203.90

Trend forecast: Bearish