The EURGBP surrendered to stochastic negativity in the last period trading, which forces it to break the bullish trend at 0.8755, to begin forming corrective waves by its stability near 0.8730.

Forming a new resistance by the broken support and stochastic attempt to reach the oversold levels, these factors support the dominance of the bearish bias in the current period, to reach the moving average 55 at 0.8705, then attempt to press on the extra support at 0.8685.

The expected trading range for today is between 0.8705 and 0.8745

Trend forecast: Bearish

Natural gas prices activated again with stochastic negativity by forming new bearish waves, threatening the stability of the support level at $3.910 by hitting $3.810 level, to form temporary positive rebound, to settle above the support again.

Reminding you that the stability at $4.200 supports the chances of confirming the negative scenario, to expect confirming breaking the current support, to begin targeting negative stations that are located near $3.730 and $3.520.

The expected trading range for today is between $3.730 and $4.100

Trend forecast: Bearish

The EURJPY pair reached the main target at 184.90, forming a strong barrier to begin forming bearish corrective waves, to settle near 183.75, announcing the beginning of gathering some gains in the current period trading.

Stochastic is approaching 20 level, to increase the negative pressure, which makes us prefer more corrective trading that might target 183.30 level, reaching key support at 182.80, while stepping above 184.10 again and providing positive close will reinforce the chances of forming new bullish waves, to repeat the pressure on the mentioned barrier.

The expected trading range for today is between 183.30 and 184.10

Trend forecast: Bearish

The GBPJPY pair ended its last bullish rally by hitting 211.60 level, to achieve the extra suggested target in the previous report, then begin gathering some gains by forming corrective decline and its stability near 210.50.

By the above image, we notice the stability of the price within the main bullish channel’s levels by forming extra support at 209.75 level, which might help to end the temporary negative pressures, to wait for gathering extra bullish momentum to renew the bullish attempts and reaching new bullish stations in the near period by its rally towards 211.95 reaching 212.55 resistance.

The expected trading range for today is between 209.75 and 211.60

Trend forecast: Fluctuated