GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price trades positively to attempt to breach 1.2700$ level, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, which targets 1.2630$ followed by 1.2580$ levels mainly.
• On the other hand, we should note that confirming breaching 1.2700$ will stop the expected decline and push the price to turn to rise.

Expected Trading Range

Between 1.2610$ support and 1.2750$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows some bullish bias to test the EMA50 that forms minor resistance against the price, waiting to resume the negative trades to achieve our targets that start at 1.0795$ and extend to 1.0714$ after breaking the previous level.
• In general, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.0876$ and hold above it.

Expected Trading Range

Between 1.0730$ support and 1.0870$ resistance.

GBPCAD Price Analysis

Expected Scenario

• The GBPCAD price repeated the positive closings above 1.7340 level, to form good support line now against the bullish attempts and notice recording some gains by rallying towards 1.7440.
• The continuous positive momentum coming by the major indicators will motivate the formation of new bullish waves, to ease the mission of surpassing 1.7475 barrier followed by waiting to reach the next main target at 1.7630.

Expected Trading Range

Between 1.7390 and 1.7475.

Natural Gas Price Analysis

Expected Scenario

• The natural gas price lost the positive momentum yesterday, to form correctional bearish wave after touching the target at 3.170$ and test 2.920$ support line, while the current positive scenario depends on the strength of this support to increase the chances of gathering the positive momentum and start forming bullish waves to repeat the pressure on 3.140$ level followed by attempting to reach the next main target at 3.420$.

Expected Trading Range

Between 2.900$ and 3.140$.