The GBPCHF price kept its negative stability below the resistance of the minor bearish channel at 1.1030 in the last trading, activating recently with the negative pressures and forming a strong negative decline, achieving the initial target at 1.0870.

Stochastic attempts to exit the oversold level might force the price to provide some mixed trading, but its stability below the extra barrier at 1.0935 level makes us wait for gathering the required extra negative momentum for resuming the decline and reaching the next target near 1.0825.

The expected trading range for today is between 1.0825 and 1.0910

Trend forecast: Bearish

Natural gas price lost the positive momentum yesterday, affected by stochastic stability below 50 level, forcing it to form bearish waves to settle near the support base at $3.460 level, to form strong and important resistance to detect the main trend in the upcoming trading.

The stability of the current support will reinforce the chances for regaining the bullish bias, to expect its rally towards $3.600, then attempts to reach the extra initial target at $3.830, while the continuation of the negative pressures and its decline below the current support will confirm its move to the bearish track, which forces it to suffer several losses by targeting $3.320 and $3.140 level.

The expected trading range for today is between $3.450 and $3.600

Trend forecast: Bullish

The EURJPY pair didn’t move anything since yesterday, to notice its fluctuations in sideways range near 196.60 level, attempting to face the negativity of stochastic and finding an exit to resume the bullish attempts until reaching the resistance of the bullish channel at 170.40.

Therefore, we will return to prefer the bullish attempts in the current trading, depending on the stability of the price above 168.70 level, confirming the importance of monitoring its behavior after reaching the targeted resistance, which forms a main key to detect the main trend in the upcoming trading.

The expected trading range for today is between 168.70 and 170.40

Trend forecast: Bullish

Despite the stability of the GBPJPY pair price within the bullish channel’s levels, but the continuation of forming a strong extra barrier at 198.80 level, besides stochastic exit from the overbought level and providing negative momentum will increase the efficiency of the bearish correctional track, targeting 196.90 level reaching the support of the bullish channel to 196.10.

Noting that the attempts of renewing the bullish rally by recording new gains will remain valid, depending on breaching 198.80 level and providing a positive close above it, to ease the mission of reaching 199.45 and 200.00.

The expected trading range for today is between 196.10 and 198.20

Trend forecast: Bearish