The GBPCAD ended the bullish corrective rebound by facing the resistance level at 1.8490, to form a strong obstacle against the attempt of resuming the bullish scenario, forcing it to provide sideways fluctuations near 1.8425.

Note that the stability of the moving average 55 above the current trading that might support the chances of renewing the negative attempts, which might target 1.8330 level reaching 1.8220, while the price success in breaching the resistance and holding above it will confirm its readiness to form strong bullish rally, to begin recording big gains that begin at 1.8550 and 1.8640.

The expected trading range for today is between 1.8330 and 1.8500

Trend forecast: Bearish

There is no change for natural gas prices until this moment, due to the stability below $3.450 barrier, beginning to form bearish waves by reaching $2.950.

The beginning of providing negative momentum by the main indicators makes us keep the bearish scenario, which might target $2.810 level reaching the extra support level at $2.620, to monitor its behavior according to the importance of this support to detect the main trend in the upcoming trading.

The expected trading range for today is between $2.620 and $3.150

Trend forecast: Bearish

The EURJPY pair remains affected by the stability of the barrier at 184.20, which obstructs the attempts of reaching new positive stations by its stability, to form new sideways fluctuations by its stability near 183.75.

Note that the continuation of providing positive momentum by the main indicators, by the attempt of forming additional support at 183.35 level, these factors make us wait for breaching the barrier and holding above it, to confirm its readiness to record new gains that might begin at 184.80 and 185.45.

The expected trading range for today is between 183.40 and 184.80

Trend forecast: Bullish

The GBPJPY pair confirmed the stability of the bullish scenario, due to its stability within the minor bullish channel’s levels, to form some bullish waves, to record the initial target by reaching 213.30 level, to rebound temporarily to settle near 212.50.

The stability above the bullish channel’s support towards 211.30, besides providing positive momentum by the main indicators makes us keep the bullish scenario, which might target 214.05 reaching 215.20 level to reach the current channel’s resistance.

The expected trading range for today is between 214.05 and 212.10

Trend forecast: Bullish