The CADGBP began forming bearish correctional trading after hitting the 0.8573 level, attempting to gather some gains and catch its breath until gathering the extra positive momentum again.

Noticing the price approach from the support base that is represented by 0.8490 level to form a strong barrier against the negative attempts, and stochastic reach to the oversold level confirm the beginning of surpassing the negative pressures, to provide new chance for activating the bullish track and targeting some positive stations near 0.8540 and 0.8575. 

The expected trading range for today is between 0.8500 and 0.8545

Trend forecast: Bullish

Natural gas price ended yesterday’s trading by testing the support base near $3.470, facing strong liquidity grab zones, to rebound quickly to $3.610 confirming the continuation of the suggested bullish track.

Stochastic exit from the overbought level will increase the efficiency of the bullish track, to keep our bullish expectation that might target positive stations that begin at $3.740 and $3.830.

The expected trading range for today is between $3.550 and $3.740

Trend forecast: Bullish

The EURJPY pair has forced to provide weak sideways trading by its fluctuation near 169.00 level without recording any new positive target, affected by the continuation of the contradiction between the main indicators, but the main stability within the bullish channel’s levels and the continuation of forming extra support at 167.60 level, these factors make us keep the bullish suggestion, to wait for surpassing the barrier at 169.30 to ease the mission of reaching the next positive target near 170.10.

The expected trading range for today is between 168.30 and 170.10

Trend forecast: Bullish

Despite the neediness of the GBPJPY pair to the positive momentum, but the main stability within the bullish channel’s levels that pushed it to form a new positive move, to hit the target at 198.80, facing 66.8%Fibonacci correction level as appears in the above image.

The current trading scenario depends on the strength of 198.80 level, if it settles we expect forming bearish correctional trading that might push it to suffer some losses by reaching 197.40 and 169.85, while the price success in achieving the breach and providing a positive close above it, will reinforce the chances for recording extra gains by its rally to 199.55.

The expected trading range for today is between 197.40 and 198.80

Trend forecast: Bearish