The GBPCHF formed some bullish corrective waves in its last trading, benefiting from the positive momentum by the main indicators, reaching %38.2 Fibonacci correction level at 1.0640, which forms a key barrier against the current trading.

The continuation of the stability below the current barrier will increase the chances of renewing the bearish attempts, to expect targeting 1.0580 which represents the moving average 55, to confirm surpassing it to open the way for reaching extra negative stations that might begin at 1.0550 and 1.0520.

The expected trading range for today is between 1.0580 and 1.0630

Trend forecast: Bearish

Natural gas price faced temporary bearish pressures by providing a new positive close above $3.150, to begin forming some bullish waves by its stability near $3.250.

The moving average 55 surpasses $3.360 to resume the bullish attempts until achieving the main targets at $3.520 and $3.680.

The expected trading range for today is between $3.150 and $3.520

Trend forecast: Bullish

The EURJPY pair failed until this momentum by breaching the barrier at 186.00, forcing it to form mixed sideways trading, to fluctuate near 185.50 level, affected by the continuation of the main indicators’ contradiction, especially by stochastic exit from the overbought level.

The stability of the support level at 184.85 makes us wait for gathering extra positive momentum, to reinforce the chances of holding above the mentioned barrier, to begin targeting several stations by reaching 186.65 and 187.10, while breaking the support and holding below it will support the dominance of the bearish corrective trend, to expect targeting 184.20 and 183.70 initially.

The expected trading range for today is between 185.20 and 186.00

Trend forecast: Sideways 

The GBPJPY pair surrendered to form a strong barrier at 215.50, affected by stochastic exit from the overbought level, forming some bearish waves by targeting 214.30 level.

The current decline will not threaten the attempt of activating the bullish trend, depending on forming initial main support at 213.50 level, which makes us wait for gathering the positive momentum, to renew the pressure on 215.50, where surpassing it will ease the mission of recording extra gains by its rally towards 216.10 and 216.60.

The expected trading range for today is between 214.10 and 215.50

Trend forecast: Bullish