Broadcom Inc. (AVGO) stock price is experiencing volatile trading in its latest intraday levels, as the stock takes profits from its previous gains while attempting to gain positive momentum to help resume its ascent. Despite this slight decline, the stock remains stable above the key resistance level of 414.60, a strong technical signal confirming the validity of the previous breakout. This occurs amid the dominance of the main short-term and medium-term bullish trend, with continued positive pressure from trading above its 50-day SMA. Furthermore, positive signals continue to emerge from the Stochastic indicator, even as it remains within extremely overbought levels.

Therefore, we expect the stock price to rise during its upcoming trading sessions, especially as long as it remains stable above 414.60, targeting the first resistance level at 449.00.

Today’s price forecast: Bullish

The GBPAUD provided more negative closes below the extra barrier at 1.9075 level, to confirm its readiness to resume the main bearish trend to fluctuate near 1.8890.

To provide sideways trading until gathering extra negative momentum to attack %61.8 Fibonacci extension level at 1.8680 and breaking this barrier might extend the losses in the upcoming period trading towards 1.8500 reaching the next main support at 1.8290.

The expected trading range for today is between 1.8680 and 1.8950

Trend forecast: Bearish

No news for natural gas price, to provide weak sideways trading by its fluctuations near $2.700 level, due to stability above the support level at $2.620.

Reminding you that the negative stability below the extra resistance at $3.170 besides the attempt of proving negative momentum by the main indicators, these factors make us wait for breaking the current support to ease the mission of resuming the bearish attack to target $2.390 level initially reaching $2.250.

The expected trading range for today is between $2.400 and $2.820

Trend forecast: Bearish

The EURJPY pair provided a new bearish close below the barrier at 187.50 level, announcing its surrender to the bearish corrective bias, to fluctuate again near 186.70, besides providing negative momentum by stochastic stability near 20 level will increase the chances of targeting the corrective stations, which are located near 186.10 and 185.65.

While surpassing the barrier and holding above it will confirm its move to a new positive stations, to expect an attempt to record extra gains by its rally towards 188.40 and 188.80 initially.

The expected trading range for today is between 185.65 and 187.10

Trend forecast: Bearish