Th EURNZD esucceeded in surpassing the obstacle at 1.9290 level in its last trading, to confirm its surrender to the bullish bias domination, to notice breaching 161.8%Fibonacci correction level at 1.9350 and recording new gains by reaching 1.9420.

Note that stochastic reach to the overbought level will provide extra positive momentum, to ease the mission of recording new gains by its rally near 1.9485 reaching 1.9570 in the near period trading.

The expected trading range for today is between 1.9310 and 1.9485

Trend forecast: Bullish

Natural gas price activated the bearish correctional track after recording $4.160 level, affected by stochastic exit from the overbought level, activating the attempts of gathering gains by reaching $3.900.

Depending on forming extra support at $3.830 level, to reduce the risk of suffering extra losses, to keep waiting for gathering the positive momentum, which allows it to renew the bullish attempts and reaching $4.050 and $4.220.

The expected trading range for today is between $3.850 and $4.050

Trend forecast: Bullish

The EURJPY pair formed several bullish waves on Friday, taking advantage of its stability within the bullish channel’s levels, to notice achieving new gains by hitting 168.90 level.

Note that the attempt to form extra support at 167.55 level, and stochastic attempt to provide extra positive momentum by reaching the overbought level, these factors increase the chances for surpassing the obstacle at 169.30, to attempt to target the resistance of the bullish channel at 169.70.

The expected trading range for today is between 168.10 and 169.30

Trend forecast: Bullish

The GBPJPY pair succeeded in confirming the bullish scenario by providing a new positive close above the barrier at 195.65, forming bullish waves and achieving clear gains by reaching 197.20.

The continuation of providing positive momentum by the main indicators will increase the chances for surpassing 61.8%Fibonacci correction level at 197.45, reinforcing the chances for achieving extra gains that might begin at 198.00 and 198.80.

The expected trading range for today is between 196.00 and 198.00

Trend forecast: Bullish