CHFJPY Price Analysis

Expected Scenario

• The CHFJPY price reinforces its bullish track by forming a minor bullish wave with stability near 173.30, achieving extra gains by its rally to 175.33, then forming some temporary negative rebound moves due to stochastic's approach from the 80 level.
• Forming extra support at 173.80 level and its stability increases the chances for gathering positive momentum, which allows it to keep rising and achieve extra gains by targeting 175.70 and 176.30.

Expected Trading Range

Between 174.00 support and 175.70 resistance.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price benefited from providing positive momentum by stochastic yesterday, forming a new bullish wave that pressed on the resistance near 2.880$, which represents the initial positive target in the previous report.
• The main stability above the extra support level at 2.520$, and the attempt of forming extra support at 2.700$, make us wait for breaching the current resistance to open the way towards the upside, targeting new positive stations that begin at 3.200$ and 3.500$.

Expected Trading Range

Between 2.700$ support and 3.100$ resistance.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair confirms its affection by the bearish correctional bias by providing repeated closes below 170.10 level. The above image shows a strong decline achieving 168.90 level, which represents the awaited target in the previous report.
• The continuation of the negative pressures by stochastic's attempt to reach the oversold level makes us expect forming a new bearish wave, to attempt to break the current support, then target new correctional stations that might extend to 168.55 and 167.85. The stability below 169.60 is important to decrease the chances for activating the bullish track.

Expected Trading Range

Between 169.40 support and 168.55 resistance.