The EURUSD price achieved initial breach to 1.0455$ level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards 1.0600$ that represents our next main target.

The price needs to build strong support base above 1.0455$ to guarantee the continuation of the bullish wave, as failing to hold above this level will put the price under negative pressure that targets 1.0325$ areas as a first station.

The expected trading range for today is between 1.0360$ support and 1.0520$ resistance

Trend forecast: Bullish

The EURGBP price ended the recent bullish rally by achieving the target at 0.8465, to form solid barrier against the bullish attempts to notice the beginning of forming correctional bearish trades by fluctuating near 0.8425.

Also, stochastic begins to provide the negative momentum by approaching 50 level to reinforce the negativity for now and expect suffering additional losses by moving towards 0.8400 and 0.8365 levels before any new attempt to renew the bullish attempts.

The expected trading range for today is between 0.8400 and 0.8445

Trend forecast: Bearish

Natural gas price faced strong negative pressures yesterday to force it to form negative attack and settle below the bullish channel’s support line at 3.650$, suffering big losses by reaching 3.440$.

Note that the continuous fluctuation below the broken support and stochastic negative momentum signals allow us to suggest more negative attempts that might target 3.330$ and 3.1900$ levels.

The expected trading range for today is between 3.330$ and 3.600$

Trend forecast: Bearish

The EURJPY pair failed to record any new positive target due to the continuous fluctuation below the additional resistance at 163.25, to notice forming mixed trades now by crawling towards 161.90 followed by settling near the MA55.

We expect to confine trades between the mentioned resistance and the additional support at 161.80, to stay neutral and wait to surpass one of the mentioned levels to manage to detect the next near-term and medium-term trend.

The expected trading range for today is between 161.80 and 163.25

Trend forecast: Neutral