The coffee price confirmed its surrender to the bearish bias domination recently, by forming negative patterns that are represented by consecutive lower highs, and 390.00 level forms a strong resistance, to notice suffering some losses by reaching 366.75.

Noticing the stochastic approach from 20 level, providing extra negative momentum that makes us prefer more of the negative attempts, which might target 358.00 and 345.00 level.

The expected trading range for today is between 358.00 and 381.00

Trend forecast: Bearish

Natural gas prices need positive momentum, which forces them to form weak trading by its continuous fluctuation near the initial support at $3.600, to face the moving average 55 as appears in the above image.

Gathering the positive momentum is important to decrease the chances for activating the bearish correctional track, depending on forming extra support at $3.440 level, to begin forming bullish waves, to press on the barrier at $3.780 level to find an exit for recording new gains in the upcoming period.

The expected trading range for today is between $3.550 and $3.780

Trend forecast: Bullish

The EURJPY pair recorded extra gains by hitting 165.20 level, but its rebound below the resistance at 164.90 decelerates the chances for resuming the bullish attack.

Providing intraday negative trading due to stochastic exit from the overbought level, which forces it to suffer intraday losses by targeting 163.80 and 163.25 level, while the price success to confirm breaching the resistance will allow it to form strong bullish waves, to wait for targeting 165.45 and 165.85.

The expected trading range for today is between 163.80 and 164.90

Trend forecast: Sideways

The GBPJPY pair succeeded in resuming the bullish attack in yesterday’s trading by surpassing the barrier near 194.60, to notice forming a strong bullish attack, to approach from the initial extra target at 196.60.

We will depend on forming extra support at 194.60 level to increase the chances for the price activation with the positivity of the main indicators, to form a new bullish rally that targets 197.35 level reaching to 198.10 in the near period trading.

The expected trading range for today is between 194.80 and 197.00

Trend forecast: Bullish