GBPAUD Price Analysis

Expected Scenario

• The GBPAUD price started to form new negative waves to confirm its surrender to the previously suggested bearish track, suffering some losses by touching the first main target at 1.9050, while the MA55 forms additional barrier near 1.9245 in addition to stochastic reach to the oversold areas, allowing us to keep the bearish overview that might target additional negative stations soon that might extend towards 1.8925.

Expected Trading Range

Between 1.9125 and 1.8925

Natural Gas Price Analysis

Expected Scenario

• Natural gas price postponed the bullish rally and provided new sideways trades by fluctuating near 1.9500$ recently, affected by the negativity of the major indicators, as stochastic declines below 50, while the MA55 forms additional barrier at 2.050$.
• The continuous contradiction between the price attempt to settle above 1.900$ against the mentioned negative pressures allow us to stay neutral for today and monitor the price until getting clearer signal for the next trend.

Expected Trading Range

Between 1.900$ and 2.050$

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair started today by forming unexpected strong bullish rally to surpass the previously suggested targets by recording fake gains by reaching 171.57 level, followed by activating the correctional bearish track by crawling towards 166.35 quickly.
• Despite the price consolidation within the bullish channel, the contradiction between the major indicators allows us to start neutral due to the chances of moving easily between the bullish channel’s resistance at 169.35 and 165.35 additional support, recommending to wait to end the effect of the recent economic data to manage to confirm the trend without facing any unexpected losses.

Expected Trading Range

Between 169.00 and 165.35