The GBPCHF price formed some bullish correctional trading, to approach from the moving average of 55 near 1.0765, taking advantage of providing positive momentum by stochastic, to retest an important barrier again.

The main stability within the bearish channel’s levels, which forms an extension for the main resistance at 1.0810 level besides forming an extra barrier at 1.0775 level, these factors make us wait for gathering the negative momentum, which allows it to renew the negative attempts that might target 1.0710 and 1.0660.

The expected trading range for today is between 1.0770 and 1.0710

Trend forecast: Bearish

Natural gas price activated with the negativity of the main indicators to break the neckline of the head and shoulders pattern at $3.050, to open the way for activating the suggested bearish track by its fluctuation near $2.950.

The continuation of providing negative momentum by the main indicators will reinforce the chances of confirming breaking the previously mentioned neckline, which makes us prefer targeting several negative stations that might begin at $2.710 reaching extra support at $2.390.

The expected trading range for today is between $2.710 and $3.050

Trend forecast: Bearish

The EURJPY pair was under strong bearish pressure that comes from stochastic reach to 20 level, which forces it to decline below the extra support at 170.45, announcing its surrender to the bearish correctional scenario, beginning to gather the gains by its stability near 170.00.

The continuation of the negative pressure will force it to suffer more of the losses, to expect forming initial negative target at 169.35 level reaching 168.45.

The expected trading range for today is between 168.45 and 170.70

Trend forecast: Bearish

The GBPJPY pair repeated its fluctuation below the barrier at 196.60 level, to activate stochastic negativity forming new bearish waves, to press on the moving average 55 at 195.35.

We expect forming some sideways trading, but its negative stability below 196.60 confirms its surrender to the negative scenario, which forces it to suffer extra losses by reaching 194.55 followed by 50%Fibonacci correction level near 194.10.

The expected trading range for today is between 194.10 and 196.00

Trend forecast: Bearish