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 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.

Note that the continuation of providing negative momentum by stochastic will increase the chances of breaking the current support, to confirm its readiness to resume the decline in the near sessions, to target $3.650 and $3.480 initially, while stepping above $4.200 and providing positive close will cancel the negative overview, to begin preferring the bullish attempts that might target $44.510 level initially.

The expected trading range for today is between $3.750 and $4.200

Trend forecast: Bearish

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.

While facing new bearish pressure and reaching below the previously mentioned support, will force it to resume the corrective decline, reaching 181.40 then monitoring its behavior according to the importance to detect the expected trend in the upcoming trading.

The expected trading range for today is between 181.70 and 182.40

Trend forecast: Fluctuated within the bullish trend

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.

The effect of the temporary sideways bias dominance, however facing the negative pressures that might push it to resume the corrective decline, to target 206.25 and 205.80 level, while renewing the bullish attempts requires forming strong bullish attack, to settle above 208.10 then begin targeting new positive stations by its rally towards 209.15.

The expected trading range for today is between 206.25 and 207.65

Trend forecast: Bearish