GBPCHF price took advantage of the main stability within the bullish channel’s levels, besides providing bullish momentum by the main indicators, which allows it to form new bullish waves, to settle near 1.0770 level.

Forming a new support base at 1.0715 level and the continuation of the positive pressures make us expect its rally towards 1.0804, to press on the bullish channel’s resistance, to find a new exit for resuming the bullish attack in the near and medium period.

The expected trading range for today is between 1.0740 and 1.0804

Trend forecast: Bullish

Despite forming sideways trading by the natural gas price trading and its stability near $3.420, it couldn’t activate the bullish trend in the near period, as it is under continued negative pressure due to its stability below $3.960 resistance besides the continuation of the bearish momentum from the main indicators.

Therefore, the chances of resuming the bearish corrective trading increase, to keep waiting for targeting %66.8 Fibonacci correction level at $2.850 and monitoring its behavior is important to detect the expected trend in the upcoming trading.

The expected trading range for today is between $3.050 and $3.600

Trend forecast: Bearish

The EURJPY pair forced to form some sideways trading after hitting 185.55 level, which formed an extra barrier against the bullish rally, forming some sideways wave and attempting to face stochastic negativity, which settles below 80 level.

All that make us prefer witnessing more temporary sideways trading until gathering the positive momentum, which allows it to settle above 184.85 support and surpassing the current barrier will pave the way for recording new gains that might begin at 185.95 reaching %161.8 Fibonacci extension level near 186.60.

The expected trading range for today is between 184.80 and 185.95

Trend forecast: Bullish

The GBPJPY pair took advantage of the positive factors that begin by the main stability within the bullish channel’s levels and surpassing extra barrier at 212.75, besides providing bullish momentum by the main indicators, to resume the bullish attack and recording the previously suggested initial target by hitting 214.30 level.

The price might need a chance to catch its breath and provide some sideways trading, to gain new bullish momentum, opening the way for reaching new bullish stations that might begin at 214.55 reaching %2.236 Fibonacci extension level near 214.90.

The expected trading range for today is between 213.35 and 214.55

Trend forecast: Bullish