The GBPCAD price ended the correctional bearish decline by providing positive close above the bullish channel’s support line at 1.7700, to notice forming many bullish waves and achieve some gains by touching 1.7860 level followed by fluctuating near the MA55 at 1.7800.

The main stability within the bullish channel and stochastic positive momentum signals will increase the chances of gaining the positive momentum, to keep our bullish overview that might target 1.7890 followed by reaching 1.7960.

The expected trading range for today is between 1.7780 and 1.7890

Trend forecast: Bullish

Natural gas price continued its bullish rally to record 3.800$ level yesterday, approaching the major resistance to push it to form temporary negative rebound by fluctuating near 3.710$.

Note that the continuous fluctuation below the current resistance and stochastic exit from the overbought areas might increase the negative pressures on the price, to expect crawling towards 3.620$ level soon, followed by attempting to test the additional support at 3.520$.

The expected trading range for today is between 3.620$ and 3.830$

Trend forecast: Bearish

The EURJPY pair touched 161.18 level followed by declining below 160.25 barrier again due to the continuous contradiction between the major indicators to force it to postpone the bullish rally for now.

The price might continue to provide mixed trades until confirming breaching the mentioned barrier to reinforce the chances of achieving new gains that might extend towards 161.65 and 162.40 levels first, while declining below 159.00 will force it to suffer big losses by crawling towards 157.90 and 157.30 levels.

The expected trading range for today is between 159.20 and 160.25

Trend forecast: Sideways

The GBPJPY pair ended the recent bullish rally by recording 191.17 level, approaching 193.30 barrier to force it to postpone the bullish attack and provide mixed trades by fluctuating near 191.80.

Also, the contradiction between the major indicators by the MA55 consolidation above the mentioned barrier confirm the price surrender to the domination of the sideways bias, to expect moving between the current barrier and 190.80 additional support.

The expected trading range for today is between 191.00 and 193.30

Trend forecast: Sideways