Coffee price confirmed getting rid of the domination of the correctional bearish bias after touching 366.00 level, as the major indicators provided the positive momentum, to notice rallying above 382.50$ barrier recently and achieving some gains by reaching 400.70.

These factors allow us to continuing the bullish overview, to expect attacking 411.00 level soon, to form intraday obstacle against the bullish trades, while surpassing it will push the price to achieve additional gains by moving towards 422.00 followed by reaching the historical high at 440.45.

The expected trading range for today is between 392.00 and 411.00

Trend forecast: Bullish

Natural gas price formed many bullish waves, taking advantage of its consolidation within the minor bullish channel, to notice recording new positive target by reaching 4.560$ followed by forming intraday rebound towards 4.320$ in order to gather the positive momentum again.

We will depend on the stability of 3.980$ support line, noting that the positive momentum coming by the major indicators will support the chances of confirming breaching 4.500$ barrier followed by starting to target new positive stations by rallying towards 4.760$ followed by reaching the bullish channel’s resistance line at 4.960$.

The expected trading range for today is between 4.200$ and 4.760$

Trend forecast: Bullish

The EURJPY pair activated the bullish scenario yesterday by surpassing 157.30 barrier, to notice forming strong bullish rally and achieve the previously suggested targets by reaching 159.20.

We expect to form additional support at 158.20, in addition to stochastic positive momentum, which will increase the chances of renewing the bullish attempts, to expect targeting 160.00 level soon, while surpassing it will push the price towards the MA55 as a next target near 160.80.

The expected trading range for today is between 158.25 and 160.00

Trend forecast: Bullish

The GBPJPY pair formed new bullish rally yesterday to breach the bearish channel’s resistance line at 190.55, to start forming bullish waves and achieve clear gains by touching 192.00.

The frequent stability above the breached resistance and stochastic approach to 80 level will increase the chances of resuming the bullish attack, to expect moving towards 192.55 level first, while surpassing it will extend trades towards 50% Fibonacci correction level at 193.25.

The expected trading range for today is between 190.75 and 192.55

Trend forecast: Bullish