The GBPUSD price rallied upwards to breach 1.2470$ level and attempt to hold above it, to head towards achieving more expected rise in the upcoming sessions, targeting testing 1.2566$ mainly.
Therefore, the bullish bias will be suggested for the rest of the day, taking into consideration that trading below 1.2470$ again will push the price to resume the main bearish trend that its targets begin by breaking 1.2390$ to open the way to head towards 1.2300$.
The expected trading range for today is between 1.2400$ support and 1.2540$ resistance
Trend forecast: Bullish
The EURUSD price show clear rise now to breach the first resistance 1.0325$ and begins to test the second key resistance 1.0370$, which urges caution from the upcoming trading, as continuing the rise and breaching the last level will lead the price to achieve more gains and target 1.0460$ areas initially.
Until now, the bearish trend scenario still active as long as 1.0370$ level remains intact, reminding you that the main waited target reaches 1.0170$.
The expected trading range for today is between 1.0240$ support and 1.0380$ resistance
Trend forecast: Bearish
Coffee price formed some correctional negative trades recently to target 312.40 support line and hold above it, to notice recording some intraday gains by targeting 329.10 level.
We assure the importance of gathering the additional positive momentum to agree the positive stability above the mentioned support line to manage to form new bullish waves and target 335.00 followed by reaching the recently recorded high at 347.85.
The expected trading range for today is between 314.00 and 335.00
Trend forecast: Bullish
Natural gas price formed more negative waves on last Friday to close the gap by touching 3.350$ level followed by forming quick positive rebound towards 3.570$.
Now, stochastic attempt to exit the oversold areas might increase the chances of breaching 3.570$ obstacle to reinforce the chances of achieving some gains by targeting 3.670$ followed by 3.750$ levels.
The expected trading range for today is between 3.510$ and 3.750$
Trend forecast: Bullish