GBPCHF Price Analysis

Expected Scenario

• The GBPCHF price surrendered to the stability of 1.7590 barrier at the recent bullish rally, to force it to activate the correctional bearish track and noticing suffering big losses by crawling towards 1.7495, and despite the main stability within the bullish channel, stochastic continuous negative momentum allows us to suggest more negative attempts until testing the bullish channel’s support line at 1.7470 followed by monitoring the price behavior to manage to confirm the next main trend.

Expected Trading Range

Between 1.7525 support and 1.7470 resistance.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price repeated the unstable mixed trades, affected by the contradiction between the major indicators, to force it to postpone the bullish attack and settle near 2.980$ again.
• We remind you that the bullish scenario will remain valid and active as long as 2.855$ major support remains intact, thus, we will keep waiting to gather the positive momentum to manage to surpass 3.200$ barrier followed by attempting to reach the next main target at 3.500$.

Expected Trading Range

Between 2.900$ support and 3.200$ resistance.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair lost the positive momentum this morning, to form temporary negative rebound after touching 169.80 level, to notice testing the second support at 168.90, which forms the key to confirm the bullish trend for the current trades.
• Also, stochastic begins to provide the positive momentum to increase the chances of activating the bullish attempts, to expect rallying towards 169.45 followed by targeting 170.10 obstacle in order to find a way to resume the positive trades for the upcoming period.

Expected Trading Range

Between 168.90 support and 170.10 resistance.