The EURUSD pair rose in its recent intraday trading, breaching the current resistance at 1.1730, supported by its continued trading above EMA50, affected by exiting bearish corrective channel’s range on short-term basis, despite the emergence of negative signals from the relative strength indicators, after reaching overbought levels, as a clear signals for the strength of the positive momentum.

The EURGBP confirmed the stability of the bearish scenario by providing new closes below the minor bearish channel’s resistance at 0.8700, activating with the main indicators negativity and providing new bearish waves, to settle near 0.8620 level.

Stochastic attempt to reach the oversold level will increase the chances of gaining extra negative momentum, which makes it prefer more negative attempts, which might target 0.8590 level reaching the next main target near 0.8565.

The expected trading range for today is between 1.8590 and 0.8640

Trend forecast: Bearish

Natural gas price repeated their fluctuation above the extra support at $2.620, to begin forming some corrective wave, to settle near $2.800, affected by stochastic attempt to exit the oversold level.

The price may record intraday gains by its rally towards $3.000 reaching $3.180 resistance, while reaching below the extra support and providing negative close will confirm its readiness to resume the negative trend, reminding you that the stability of the negative targets near $2.390 reaching $2.250. 

The expected trading range for today is between $2.620 and $3.000

Trend forecast: Fluctuating within the bearish trend

The EURJPY pair failed to breach the barrier at 187.75, which forces it to activate the bearish trend, suffering big losses by reaching below the extra support at 185.45, and recording big losses by reaching 182.28 level.

The current bullish rebound towards 184.40 will not change the bearish trend, depending on forming main barrier at 185.70, therefore, we will keep waiting for gathering extra negative momentum, to reach 183.30, to attempt to confirm breaking 182.80 barrier.

The expected trading range for today is between 183.30 and 184.85

Trend forecast: Bearish