The GBPCAD succeeded in renewing the bullish rally by surpassing 1.8680 barrier, to settle above it, forming several bullish waves and recording clear gains by reaching 1.8790.

Depending on forming a new support level by the previously breached barrier against the bullish trading, besides providing bullish momentum by the main indicators, which will increase the chances of resuming the bullish trend, to expect reaching 1.8835 following the next main target at 1.8885.

The expected trading range for today is between 1.8730 and 1.8835

Trend forecast: Bullish

Natural gas price reached $6.150 level yesterday, facing strong negative pressures, which forces it to lose its gains by surpassing the bullish channel’s levels and its stability below $4.100 support.

All that confirms that the price enters a state of instability, to suggest the neutrality until confirm the main trend in the upcoming trading, note that the price attempt to decline below $3.450 level might force it to suffer new losses by targeting 61.8%Fibonacci corrective level at $3.030, while regaining the bullish bias requires providing a new daily close above $4.220 level.

The expected trading range for today is between $3.450 and $4.250

Trend forecast: Neutral

The EURJPY pair reached the corrective target at 181.65 yesterday, to face the main bullish channel’s support, providing a chance for recovering some losses by its rally above 182.65 support, recovering some losses by its stability near 183.55.

Depending in forming extra support at 182.65 level, to confirm the importance of gathering bullish momentum to reinforce the chances of renewing the bullish attempts by surpassing 184.00 level, then targeting several positive stations that begin at 184.55 and 184.85.

The expected trading range for today is between 182.85 and 184.00

Trend forecast: Bullish

The GBPJPY pair ended the last corrective decline by facing the support at 209.65, forming the main target in the previous report, to begin activating the bullish waves, to surpass 210.65 barrier, to recover some losses by its rally towards 211.35.

Leaning above 210.40 again will provide a chance for activating with the main indicators’ positivity, to reach towards the moving average 55 at 211.70, then attempting to press on the broken bullish channel’s support at 212.15, to find an exit for the stability within the bullish trend, while its decline below 210.65 might force it to suffer extra losses by its decline towards 209.80 reaching 209.00.

The expected trading range for today is between 210.65 and 212.15

Trend forecast: Bullish