|
The EURGBP renews the bullish action– Forecast today – 16-12-2025
The EURGBP succeeded in surpassing the bearish corrective bias by providing a new close above the support of the bullish channel at 0.8740, forming several waves, to achieve some gains by reaching 0.8790.
Providing bullish momentum by the main indicators and stochastic reaching the overbought levels will increase the efficiency of the bullish scenario, recording extra gains by its rally towards 0.8815, then attempts to breach the barrier at 0.8840, to confirm its readiness to record more targets in the upcoming period.
The expected trading range for today is between 0.8765 and 0.8840
Trend forecast: Bullish
Natural gas price is threatening the positive stability– Forecast today – 16-12-2025
Natural gas prices remain affected by the negative pressures, fluctuating below $4.200 level, which forces it to approach from the minor bullish channel’s support at $3.950.
MoreThe EURJPY settles above the support– Forecast today – 16-12-2025
Despite facing continuous negative pressures by the EURJPY pair’s stability until now above the initial support at 181.70 that supports the chances of renewing the bullish attempts, its success by gathering bullish momentum will provide chance to form bullish waves, to step above 182.40 then repeats the pressure at 183.20.
MoreThe GBPJPY attacks the support– Forecast today – 16-12-2025
The GBPJPY pair continued providing negative trading, affected by forming extra barrier at 208.10 level, with the negative momentum that comes from stochastic below 50 level, attacking the support at 206.90 that formed the suggested target in the previous report.
More