The GBPCAD faced strong bearish pressures, which force it to break the bullish channel’s support at 1.8425, to begin forming strong bearish waves, targeting 1.8220 level.

We notice providing negative momentum by the main indicators to confirm the surrender of the negative scenario, to keep preferring the bearish attempts, which might target extra stations that begin at 1.8160 and 1.8080.

The expected trading range for today is between 1.8160 and 1.8355

Trend forecast: Bearish

Natural gas prices attempted to resist the negative pressures after reaching $2.810 level, to rally to the upside to settle above $3.000 support, taking advantage of stochastic rally above 50 level.

Note that confirming regaining the bullish attempts requires providing positive close above $3.450, while holding below it will force it to renew the negative attempts, to expect reaching $2.750 and $2.640.

The expected trading range for today is between $2.750 and $3.210

Trend forecast: Bearish

The EURJPY pair failed to resume the bullish attack due to the stability below 184.85 barrier, besides stochastic exit from the overbought level, to begin forming bearish corrective waves and its stability near 183.75.

The stability below the previously mentioned barrier will increase the efficiency of the bearish corrective track in the near and medium period, which makes us prefer targeting 182.80 level, to attempt to press on 182.05 barrier.

The expected trading range for today is between 182.80 and 184.40

Trend forecast: Bearish

The GBPJPY pair activated the bullish attempts, to achieve the suggested target by reaching 211.25, facing a key barrier which forces it to form new negative rebound, to settle near the initial support at 210.65 level.

Note that the continuation of the main indicators contradiction by the price stability below 211.25 might push it to form new bearish waves, attempting to reach 209.85 to press on 209.15 support, while confirming the positivity requires forming strong bullish rally, to settle above 211.25, to ease the mission of targeting the next positive level at 212.05.

The expected trading range for today is between 209.80 and 211.00

Trend forecast: Bearish