GBPUSD Price Analysis

Expected Scenario

• The tight range dominates the GBPUSD price trades since morning, which hovers around the EMA50.
• The bullish trend scenario will remain valid as it is without any change for today as long as 1.2580$ level remains intact.
• Our waited targets begin by testing 1.2700$.

Expected Trading Range

Between 1.2560$ support and 1.2720$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price didn’t show any strong move since morning, to continue fluctuating around 1.0840$.
• Stochastic continues to lose the positive momentum to reach the thresholds of the overbought areas.
• No change to the expected bearish trend for today, which depends on the price stability below 1.0860$ level.
• Our targets begin at 1.0765$ and extend to 1.0645$ after breaking the previous level.

Expected Trading Range

Between 1.0750$ support and 1.0900$ resistance.

CHFJPY Pair Price Analysis

Expected Scenario

• The CHFJPY pair hinted at alleviating negative pressures, relying on the strength of the additional support at 166.60, enabling the price to renew bullish attempts by targeting the MA55 now at 167.90.
• Stochastic fluctuation near the 80 level suggests providing additional positive momentum, maintaining the bullish overview and anticipating additional gains by rallying towards 168.20 soon, followed by reaching the additional barrier at 169.35.

Expected Outcome

The CHFJPY pair is expected to continue its bullish momentum, targeting the MA55 at 167.90 and potentially rallying towards 168.20 and 169.35, supported by additional positive momentum indicated by stochastic fluctuation near the 80 level.

Expected Trading Range

Between 167.50 support and 168.20 resistance.

Natural Gas Price Analysis

Expected Scenario

• The Natural Gas price repeated slow sideways trades, moving between the major levels represented by $2.000 resistance and $1.540 support line.
• Staying neutral is recommended until the price gathers positive momentum to surpass the mentioned barrier and regain bullish bias, targeting positive stations starting at $2.150 and $2.300.

Expected Outcome

The Natural Gas price is expected to continue its slow sideways movement until it gathers sufficient positive momentum to break above the $2.000 resistance level and potentially target positive stations at $2.150 and $2.300.

Expected Trading Range

Between $1.650 support and $1.900 resistance.