The EURGBP moves to the bullish track – Forecast today – 13-1-2025
The EURGBP price succeeded to react to the positivity of the major indicators by forming strong bullish rally recently, breaching the bearish channel’s resistance line at 0.8380 clearly to notice the beginning of recording clear gains by reaching 0.8415.
These factors confirm moving to the bullish track to expect gathering new positive momentum to form strong bullish waves to attempt to surpass 0.8425 and reach the next positive target at 0.8445.
The expected trading range for today is between 0.8390 and 0.8445
Trend forecast: Bullish
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Natural gas price hits the targets – Forecast today – 13-1-2025
Natural gas price succeeded to resume the bullish attack by surpassing 4.030$ additional resistance recently, to notice forming new bullish rally and achieve the previously suggested targets by reaching 4.309$.
The price might form some sideways trades until gathering the additional positive momentum to ease the mission of targeting new positive stations that start at 4.440$ and 4.530$.
The expected trading range for today is between 4.100$ and 4.440$
Trend forecast: Bullish
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The EURJPY exits the bullish track – Forecast today – 13-1-2025
The EURJPY pair didn’t hold for long time above the minor bullish channel’s support line at 162.55, to surrender to stochastic negativity by forming new negative attack and notice suffering many losses by reaching 160.75.
Note that 160.60 level formation new resistance against the current trades and the continuous negative momentum coming by the major indicators support the chances of forming new bearish waves to expect targeting 160.15 followed by reaching 157.85 on the near-term basis.
The expected trading range for today is between 160.15 and 161.85
Trend forecast: Bearish
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The GBPJPY suffers big losses – Forecast today – 13-1-2025
The GBPJPY pair formed strong negative waves on last Friday to notice breaking 193.55 support line and hint its return to the correctional bearish track, suffering big losses by approaching 38.2% Fibonacci correction level at 190.75.
The price might form some sideways trades, while getting more negative momentum by the major indicators will assist to break 190.75 level to open the way to resume the negative attack and reach the negative stations at 189.90 and 189.30.
The expected trading range for today is between 190.00 and 192.45
Trend forecast: Bearish
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