The GBPCAD reached the extra support level near 1.0605 in its last negative attack, forming strong barrier against the negative attack, which forces it to form mixed trading by its fluctuation near 1.0635.

Note that the main stability within the bearish channel’s levels and by the stability of the main resistance at 1.0675 makes us wait to gather extra negative momentum, which allows it to break the current support and begin targeting extra bearish stations by reaching 1.0570 followed by the support of the bearish channel’s support at 1.0530.

The expected trading range for today is between 1.0650 and 1.0570

Trend forecast: Bearish

Natural gas price formed sideways trading yesterday by its stability near $4.080 level, attempting to catch its breath and gathering extra positive momentum to confirm the dominance of the bullish scenario by targeting $4.215 level, reaching the bullish channel’s resistance at $4.300.

The risk of activating the bearish corrective path lies in breaking the extra support at $3.830, which forces it to suffer some losses by reaching $3.740 and $3.550 before any attempt to record the previously suggested extra targets. 

The expected trading range for today is between $4.050 and $4.300

Trend forecast: Bullish

The EURJPY pair continued forming positive trading, taking advantage of the stability above the extra support at 175.25, noticing its approach from the initial positive target at 177.05.

The continuation of providing positive momentum by the main indicators makes us expect breaching 177.05 level, and holding above it will ease the mission of recording extra gains by its rally towards the top at 177.85 reaching extra target near 178.60.

The expected trading range for today is between 176.25 and 177.85

Trend forecast: Bullish

The GBPJPY pair ended yesterday’s trading by providing new positive close above the support level at 201.70, to notice its rally to the upside directly to settle near 203.35, confirming its readiness to resume the previously expected bullish trend.

The continuation of providing positive momentum by the main indicators makes us expect to attack the barrier at 203.95 and surpassing it will open the way for recording extra gains that might begin at 204.60 reaching the next main target near 205.25.

The expected trading range for today is between 202.45 and 203.95

Trend forecast: Bullish