The GBPCHF affected by stochastic rally to the overbought level, forming some bullish correctional waves, recording 1.1015 level, but the main stability within the bearish channel’s levels, which represents 1.1055 level for the extension of the extra main resistance for the stability of the moving average 55 above the current trading, these factors makes us wait for preferring the bearish bias domination, which might target 1.0975 and 1.0955.

Note that the price rally above the bearish channel’s resistance and provides a positive close, will confirm its move to the bullish track, to begin targeting several positive stations by reaching 1.1095 initially.

The expected trading range for today is between 1.0955 and 1.1040

Trend forecast: Bearish

Natural gas prices have repeated their fluctuation near the extra support at $3.580, affected by the negative of the main indicators, which contradicts with the attempt of confirming the dominance of the bullish scenario, depending on the stability above the support base near $3.470.

Therefore, we will keep waiting for gathering the positive momentum, which allows it to begin activating the bullish trading, to target the positive stations near $3.810 reaching the extra resistance at $3.950.

The expected trading range for today is between $3.53 and $3.740

Trend forecast: Bullish

The EURJPY pair confirmed its surrender to the dominance of the temporary sideways bias, to notice its move between the extra support near 167.60 and the top of the last wave that is represented by 169.30 level, attempting to face stochastic negativity and keeping positive stability.

Therefore, we will keep waiting for the extra positive momentum, which allows it to settle above 169.30 then attack the resistance of the bullish channel at 170.00, to find an exit to move to a new positive station, while the price decline below the extra support that might force it to activate the bearish correctional track before any attempt to record any of the suggested positive targets.

The expected trading range for today is between 168.30 and 170.00

Trend forecast: Bullish

The GBPJPY pair ended its last bullish rally by providing a negative close below 66% Fibonacci correction level at198.80, to form an extra obstacle against the bullish attempts, which forces it to form a temporary correctional rebound at 197.85, attempting to catch its breath before resuming the main bullish attack.

Reminding you that the main stability within the bullish channel’s levels and its main support is located near 195.70, by forming extra support at 197.30 represented by 61.8%Fibonacci correction level, these factors make us wait for gathering new positive momentum that allows it to press on the mentioned obstacle and surpassing it will reinforce the chances of reaching the next target near 199.55.

The expected trading range for today is between 197.65 and 198.80

Trend forecast: Bullish