The EURGBP confirmed the continuation of the bullish scenario by moving away from the support at 0.8375, to notice forming several bullish waves and their stability above the moving average 55 that is represented by 0.8410 level.

Note that stochastic fluctuation near 80 level will increase the chances for gaining the positive momentum in the current period, providing a chance for forming more of the bullish waves, to target several bullish stations that begin at 0.8480 reaching 38.2%Fibonacci correction level at 0.8532.

The expected trading range for today is between 0.8410 and 0.8480

Trend forecast: Bullish

Natural gas price continued providing bearish closes below the resistance at $3.880, to confirm its readiness to activate the suggested bearish correctional track, the current sideways trading is caused by the stability of the moving average 55 near the initial support at $3.600, to keep waiting for breaking this barrier to open the way towards the negative stations that are represented by $3.450 reaching $3.320 level.

While breaching the resistance and holding above it will cancel the negative suggestion, providing a chance for activating the bullish attack by its rally to $3.960 and $4.050.

The expected trading range for today is between $3.450 and $3.800

Trend forecast: Bearish

The EURJPY pair began receiving positive momentum, taking advantage of stochastic stability above 50 level currently, approaching from the initial main target at 164.85, forming an important obstacle against the bullish attempts.

We recommend waiting to breach the obstacle and providing a positive close, to confirm its readiness to resume the bullish attack, to expect forming extra target at 165.70 level reaching 166.45 in the near period trading.

The expected trading range for today is between 163.80 and 165.70

Trend forecast: Bullish

The GBPJPY pair renewed the bullish attempts by its rally above 194.55 level, attempting to confirm the suggested bullish scenario, achieving some gains by hitting 195.30 level.

Note that the beginning of providing positive momentum will reinforce the chances for forming strong bullish waves, to expect attacking 195.70 level, and surpassing it will make it target new bullish stations, by reaching 61.8%Fibonacci correction level at 197.35, while the decline below 194.00 will force it to delay the rise and provide mixed trading again.

The expected trading range for today is between 194.45 and 195.70

Trend forecast: Bullish