GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows positive trades and attempts to surpass 1.2700$ level, affected by the RSI negativity, and as we mentioned this morning, holding below this level keeps the bearish trend scenario active for today, which targets 1.2630$ followed by 1.2580$ levels mainly.
• Moving below the EMA50 supports the chances of continuing the suggested bearish trend, which will remain valid conditioned by the price stability below 1.2700$ - 1.2715$ levels.

Expected Trading Range

Between 1.2600$ support and 1.2750$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price trades with clear positivity now to approach testing the initial resistance 1.0825$, which urges caution from the upcoming trading, as continuing the rise and breaching 1.0840$ will cancel the negative formation mentioned this morning and push the price to return to the bullish channel again.
• Therefore, we will keep our bearish overview conditioned by the price stability below 1.0840$, reminding you that our next main target reaches 1.0713$.

Expected Trading Range

Between 1.0710$ support and 1.0850$ resistance.

GBPCHF Price Analysis

Expected Scenario

• The GBPCHF price confirmed its surrender to the domination of the bullish bias since breaching 1.7270 resistance line, to notice forming strong bullish waves recently and achieve 1.7450.
• Now, the contradiction between the major indicators might push the price to provide some sideways trades, while 1.7350 level attempt to form additional support allows us to wait to gather the required positive momentum to resume the rise and target new stations that might extend towards 1.7480 and 1.7520.

Expected Trading Range

Between 1.7360 support and 1.7480 resistance.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price started to form correctional bearish waves affected by the frequent stability below 2.900$ to notice the stability near the first target 2.640$.
• Stochastic continuous negative momentum allows us to expect resuming the correctional decline, to test the additional support at 2.510$ followed by attempting to gather the positive momentum in order to start the bullish track again.

Expected Trading Range

Between 2.760$ support and 2.510$ resistance.