The EURGBP under the negative effect – Forecast today – 29-11-2024
The EURGBP price kept its stability within the bearish channel recently, to notice its affect by the strength of the additional barrier at 0.8360 by forming many negative waves and settling near 0.8315, noting that the major indicators agree to provide the negative momentum and reinforce the sharpness of the negative trades for the near-term period, to expect suffering additional losses by moving towards 0.8285 followed by repeating the pressure on 0.8250 obstacle.
The expected trading range for today is between 0.8250 and 0.8330
Trend forecast: Bearish
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Natural gas price under the effect of the correctional bearish track – Forecast today – 29-11-2024
Natural gas price still affected by the domination of the correctional bearish bias until this moment by settling frequently below 3.570$ resistance line, to notice targeting the additional support at 3.180$ recently and form mixed trades due to the continuous contradiction between the major indicators.
Stochastic attempt to approach 20 level will increase the negative pressures on the price, to expect attacking 3.180$ level again, while breaking it might extend the intraday losses towards 3.050$ and 2.980$.
The expected trading range for today is between 3.050$ and 3.400$
Trend forecast: Bearish
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The EURJPY declines again – Forecast today – 29-11-2024
The EURJPY pair formed correctional bullish rebound yesterday to test the broken support at 160.35 and form solid support, to notice forming strong decline and suffer additional losses by touching 158.25 level that forms new support against the negative trades.
These factors along with stochastic attempt to exit the oversold areas allow us to suggest the correctional bullish track again as long as the current support line remains intact, to attempt to achieve some gains by rallying towards 159.15 and 159.70 levels.
The expected trading range for today is between 158.20 and 159.75
Trend forecast: Bullish
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The GBPJPY fails to breach – Forecast today – 29-11-2024
The GBPJPY pair failed to breach 192.30 barrier to force it to provide strong negative decline and notice suffering additional losses by reaching historical support at 190.35 and settling above it.
The upcoming scenario depends on the strength of the current support, as its stability allows us to expect starting to form correctional bullish trades to target 191.40 followed by repeating the pressure on the mentioned barrier, while breaking this support will confirm moving to new negative level by crawling towards 189.60 first.
The expected trading range for today is between 190.40 and 192.35
Trend forecast: Bullish
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