The EURUSD pair rose in recent intraday trading, supported by positive signals from the relative strength indicators. However, these indicators remain in heavily overbought territory, suggesting that bullish momentum may weaken soon.

Recent gains are still exposed to a bearish reversal, especially as the pair continues trading below the EMA50, reinforcing the prevailing short-term bearish trend.

The CHFJPY suffered strong bearish pressures, which forced it to form several bearish waves, reaching the initial main support at 200.40, to settle above it.

The current support forms confirmation key for the expected trend in the near and medium term trading, the stability above it will open the way for gathering positive momentum to begin targeting some bullish stations by its rally towards 210.55 reaching 212.20, while reaching below the support and providing negative close will confirm its move to a new negative phase, forcing it to suffer more losses by targeting 199.90 reaching 199.10 level.

The expected trading range for today is between 200.40 and 201.55

Trend forecast: Bullish

Natural gas price remains stability until this moment below the moving average 55, which represents an extra barrier at $3.350, stabilizing negatively near $3.150.

The attempt of stochastic to exit the overbought level will increase the negative pressures on the trading, to expect forming extra bearish waves, to target $2.950 and $2.800 level, while activating the bullish trend depends on stepping above the barrier at $3.530 and providing repeated positive closes. 

The expected trading range for today is between $2.950 and $3.300

Trend forecast: Bearish

The EURJPY pair resisted the negative pressure, ending the negative attempts by providing positive close above the extra support at 184.25, forming some bullish waves to settle near 185.00.

The contradiction of the main indicators will force the price to provide intraday mixed trading, to expect activating the bullish attempts if it settles above the mentioned support to target 185.50 level, reaching the barrier at 186.00, while the return to settle below the extra support will confirm the dominance of the negative scenario, forcing it to suffer several losses by reaching 183.55.

The expected trading range for today is between 184.25 and 185.45

Trend forecast: Bullish