The GBPCHF forced to form some bearish corrective waves after hitting 1.0760 level, affected by stochastic exit from the overbought level, approaching the support level at 1.0655.

Despite the neediness of the bullish momentum, but its stability above the current support makes us prefer forming sideways waves until gathering the required bullish momentum to form new bullish waves, to attempt to reach 1.0720 to extend the trading towards the next main target near 1.0785.

The expected trading range for today is between 1.0665 and 1.0720

Trend forecast: Bullish

Natural gas price remains stable until this moment below the broken support at $4.750 to confirm its surrender to the bearish corrective bias, approaching the initial target at $4.420.

The continuation of providing negative momentum by stochastic forces the price to provide more corrective trading, reaching $4.320 followed by the next support at $4.200 level, while renewing the bullish attempts requires forming strong bullish waves to settle above $4.750. 

The expected trading range for today is between $4.320 and $4.750

Trend forecast: Bearish

The EURJPY pair remains stable above 181.70 level until this moment, forming extra support level to support the chances of renewing the bullish attempts generally, the current sideways trading is caused by the contradiction between the main indicators, especially with stochastic attempts to exit the overbought level.

Therefore, we expect providing some sideways trading by its stability above the extra support will make it begin gathering extra bullish momentum, to repeat the attempts to reach 182.80 then press on the barrier near 183.10, while the decline below the current support makes us remain neutral as there is big chance to provide unstable and mixed trading by its stability within the sideways track that appear in the above image.

The expected trading range for today is between 181.70 and 182.80

Trend forecast: Bullish

The GBPJPY pair ended the last bullish rally by facing the resistance of the main bullish channel that is located at 208.80, which forces it to form corrective trading to begin gathering the gains, to reach 208.10.

The price keeps providing corrective trading, however its stability above the extra support at 206.90 confirms the dominance of the bullish scenario in the current period, therefore, we will keep waiting for gathering extra positive momentum, which allows it to renew the pressure on the resistance and surpassing it will make it record new gains that might begin at 209.30 and 209.75.

The expected trading range for today is between 207.40 and 208.60

Trend forecast: Fluctuated