EURCHF confirmed the bullish correctional track by its stability above the support base at 0.9275, surpassing the moving average 55 and hitting $0.9435.
The stability above the moving average 55 will increase the chances for gathering the extra positive momentum, which allows it to resume the attempts of recovering the losses and targeting the positive stations near 0.9490.
The expected trading range for today is between 0.9400 and 0.9490
Trend forecast: Bullish
Natural gas price forced to form some mixed trading after hitting the target near $2.780, affected by stochastic exit from the oversold level, but the negative stability below the resistance at $3.130 and forming neckline of the head and shoulders at $3.050, these factors make us keep the negative suggestion, which might target $2.610 level reaching the next support at $2.390.
The expected trading range for today is between $2.610 and $2.950
Trend forecast: Bearish
The EURJPY pair ended the bearish correctional rebound by providing a new positive close above the support at 170.45, which allows it to surpass the negative factors and begin forming bullish waves by its rally above 172.00, forming an intraday obstacle against the positive attempts.
The main stability within the bullish channel’s levels support the chances for resuming the bullish attack, gathering positive momentum makes us expect reaching 173.20, then attempts to press on the barrier at 173.55 to find an exit for resuming the bullish attempts.
The expected trading range for today is between 172.00 and 173.55
Trend forecast: Bullish
The GBPJPY pair failed to resume the bearish correctional attack, affected by forming an obstacle at 66.8%Fibonacci correction level at 198.80, forcing it to provide mixed trading by its stability near 199.90.
Note that regaining bullish bias will be by breaching the resistance at 200.65, while holding below it and stochastic attempt to exit the overbought level confirms the dominance of the sideways bias in the current period, to expect the trading confinement between the mentioned main levels, to keep monitoring the price behavior to confirm the trend by surpassing these levels.
The expected trading range for today is between 198.85 and 200.60
Trend forecast: Sideways