The EURGBP returned to fluctuate below 0.8700 level, forming extra barrier against the bullish attempts, which forces it to delay the bullish attack, and activating the attempts of gathering the gains by reaching 0.8650 facing 61.8%Fibonacci extension level.

Note that stochastic reach below 50 level will increase the negative intraday pressure on the price, which forces it to resume the correctional decline, to expect targeting 0.8625, then monitoring the price behavior due to the importance of this level by detecting the expected trend in the medium period trading.

The expected trading range for today is between 0.8625 and 0.8665

Trend forecast: Bearish

Natural gas price began receiving extra negative momentum, due to the moving average 55 reach to the resistance at $3.210, besides stochastic decline below 50 level, to increase the chances of reaching below $3.020 to activate the bearish track and reaching the negative stations near $2.810 and $2.620.

While the price rally above resistance and providing positive close will cancel the negative suggestion, opening the way for recording several gains to target $3.310 level initially.

The expected trading range for today is between $2.820 and $3.150

Trend forecast: Bearish

The EURJPY pair surrendered to the dominance of the suggested bearish correction bias, due to its stability below 173.50, reaching the initial negative target by hitting 172.13 level.

We will keep preferring the bearish correctional scenario, depending on the stability of the current barrier, besides stochastic attempts to provide negative momentum, to increase the chances for reaching 171.60 followed by the extra support at 170.45.

The expected trading range for today is between 171.60 and 173.10

Trend forecast: Bearish

Despite the attempts of the main indicators to provide positive momentum but the stability of the GBPJPY pair below the barrier at 200.40 obstacle the chances for resuming the bullish attack, which forces it to provide sideways trading, activating the expected bearish correctional track. 

While gathering the negative momentum will make the price begin targeting the negative stations by its decline to 198.60, then attempts to press on the initial support at 197.85, while the price success in breaching the barrier and holding above it will turn the bullish scenario to begin achieving clear gains by its rally to 200.90 and 201.55.

The expected trading range for today is between 198.65 and 200.30

Trend forecast: Bearish