The GBPUSD pair faces new negative pressure to head towards potential test to 1.2645 support line, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, and the price needs to breach 1.2740 to reinforce the chances of rallying towards the waited target at 1.2825.
The expected trading range for today is between 1.2640 support and 1.2800 resistance.
The expected trend for today: Bullish
The EURUSD pair shows some temporary bullish bias now, and it might test the first key resistance at 1.0860 before turning back to decline again.
Until now, the bearish trend scenario still valid unless breaching 1.0860 followed by 1.0890 levels and holding above them, reminding you that we are waiting to visit 1.0765 as a next main target.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
The CADJPY pair provided many negative closings below the key resistance 110.45 to decrease the chances of recording any new positive stations by settling in sideways track near 109.90.
We expect the beginning of gathering the negative momentum soon to activate the correctional bearish track that might target 109.10 followed by reaching the MA55 at 108.15, while succeeding to breach the resistance and providing positive close above it will open the way to resume the bullish attack again, to expect attacking the recently recorded high at 111.15 first.
The expected trading range for today is between 110.20 and 109.10
The expected trend for today: Bearish
Natural gas price repeated the negative trades to notice its fluctuation near 2.080 level now, surrendering to the negative pressures caused by the negative momentum coming by the major indicators, in addition to forming new barrier at 2.350 against the current trades.
These factors allow us to keep the negative overview, waiting to reach the next negative target at 1.950 soon, while the continuous negative pressures will increase the chances of moving to the historical support 1.540, which forms the next main target for the negative trades.
The expected trading range for today is between 2.300 and 1.950
The expected trend for today: Bearish