The EURGBP ended its last positive attempts by facing strong barrier at 0.8830, which represents 261.8%Fibonacci corrective level, which forces it to provide bearish corrective trading, targeting 0.8790 level.
Stochastic attempt to provide negative momentum by reaching below 50 level will increase the negative pressure on the current trading, which makes us prefer more of the negative attempts that might target 0.8745 and 0.8720 level.
The expected trading range for today is between 0.8745 and 0.8805
Trend forecast: Bearish
Natural gas price confirmed its surrender to the bullish bias dominance by its stability within the minor channel’s levels, leaning on the extra near $4.205, to settle near 44.500.
The continuation of providing positive momentum by the main indicators will help it to activate the bullish trend again, to keep waiting for achieving extra targets that are located near $4.750 reaching the medium period trading towards the next main target at $4.910.
The expected trading range for today is between $4.300 and $4.750
Trend forecast: Bullish
The EURJPY pair affected by stochastic positivity, form bullish waves to retest the barrier at 177.85, to settle below it to keep the chances of activating the bearish corrective track, note that the initial corrective target in the current trading near 177.05 level, by providing negative momentum that might help it to reach near 175.85 support.
While confirming regaining the bullish bias requires forming a new bullish rally, to open the way a new chance to press on the top at 178.70. surpassing it will make it record new gains by its rally towards 179.30 and 180.00.
The expected trading range for today is between 177.00 and 178.15
Trend forecast: Bearish.
The GBPJPY pair provided more positive attempts to attack the barrier at 202.40, to settle below it, the suggested scenario in the near-term trading depends on the strength of this barrier, to expect forming bearish corrective wave by reaching 201.30 to target the support near 200.25.
While the price success surpasses the current barrier and providing positive close above it will provide a real chance for renewing the bullish attack by targeting 203.35 level initially reaching the next barrier at 203.90.
The expected trading range for today is between 201.30 and 202.40
Trend forecast: Bearish