GBPCAD Price Analysis

Expected Scenario

• The GBPCAD price succeeded to face the temporary negative pressures by providing clear positive stability above the MA55 at 1.7085, to decrease the chances of attacking the major support 1.7058 and notice the beginning of forming bullish waves and recording some gains by touching 1.7140.
• We assure the importance of gathering the additional positive momentum to assist to confirm the bullish scenario, waiting to target new positive stations that might extend towards 1.7185 soon, while surpassing this obstacle will push the price to 1.7245 as a next main target for the bullish trades.

Expected Trading Range

Between 1.7090 and 1.7185

Natural Gas Price Analysis

Expected Scenario

• Despite natural gas price lack of the positive momentum, the frequent stability above the MA55 and 2.200$ level forming additional support allow us to keep the previously suggested bullish overview.
• The price might form temporary sideways trades until gathering the positive momentum to manage to continue the rise and reach the next main stations near 2.420$ and 2.520$.

Expected Trading Range

Between 2.200$ and 2.420$

EURJPY Pair Analysis

Expected Scenario

• No change to the EURJPY pair’s bullish track by settling above 166.50 level recently, which formed a solid barrier against the bullish attempts, to notice recording some additional gains by touching 167.95 level.
• We assure the importance of gathering the additional positive momentum to manage to hold above the additional support at 167.20 in order to renew the bullish attempts and reach the next main stations at 168.25 and 168.65.

Expected Trading Range

Between 167.20 and 168.25