GBPUSD Trading Analysis

1. The GBPUSD price shows calm bearish bias to gradually approach our first waited target at 1.2580$, and we suggest breaking this level to extend the correctional bearish wave towards 1.2480$ as a next main station.
2. Therefore, the bearish trend will remain valid and dominant in the upcoming sessions, noting that breaching 1.2700$ will stop the expected decline and lead the price to turn to rise.

Expected Trading Range

• Support: 1.2530$
• Resistance: 1.2690$

EURUSD Trading Analysis

1. The EURUSD price resumes its negative trading to approach our first waited target at 1.0765$, affected by the double top pattern that supports the chances of surpassing the mentioned level to open the way to head towards 1.0645$ as a next negative target.
2. The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 1.0860$ and hold above it.

Expected Trading Range

• Support: 1.0730$
• Resistance: 1.0870$

EURGBP Pair Analysis and Forecast

Expected Scenarios

• New negative close below the bearish channel’s resistance at 0.8585.
• MA55 consolidates near this resistance, motivating negative trades.
• Stochastic decline towards 50 level and providing negative momentum.

These factors suggest a negative overview, expecting losses soon by moving towards 0.8535 to press on the additional support that appears on the chart.

Trading Range Forecast

The expected trading range for today is between 0.8575 and 0.8535.

Trend Forecast

Bearish

Natural Gas Price Analysis and Forecast

Expected Scenarios

• Faced solid historical support at 1.540$ yesterday.
• Formed strong positive rebound and tested 2.000$ barrier.
• Turned back to fluctuate negatively below 1.810$.
• Contradiction between major indicators.

This increases the efficiency of the sideways track, expecting continuous fluctuation between the mentioned major levels. Stay neutral until surpassing one of these levels to manage to confirm the next expected trend.

Trading Range Forecast

The expected trading range for today is between 1.820$ and 1.550$.

Trend Forecast

Neutral