The EURGBP formed a negative correctional rebound, to gather its previously achieved gains, to settle near an important support at 0.8370 level.

The stability of the price in the current trading above the current support is important to gather positive momentum again, which ease the mission of surpassing the moving average 55 at 0.8425 then begin forming strong bullish waves, attempting to achieve several gains by targeting 0.8475 level and 0.8535 level.

The expected trading range for today is between 0.8370 and 0.8475

Trend forecast: Bullish

Natural gas price succeeded in providing new positive close above the extra support at $3.6000, to increase the chances for gaining the required positive momentum, to motivate the bullish track, to expect surpassing the barrier at $3.850, and begin recording extra gains by its rally at$3.850, and begin recording extra gains by its rally to $3.950 and $4.150.

Suffering new bearish pressures and reaching below the current support will confirm delaying the bullish attack, which forces us to suffer some losses by reaching $3.480 before any attempt to record the previously suggested positive targets.

The expected trading range for today is between $3.650 and $3.850

Trend forecast: Bullish

The EURJPY pair provided a new positive close above the support at 161.90, which gets its strength from the stability of the moving average 55, to support the chances for activating the bullish attack again, so the continuation of gathering the positive momentum will allow it to reach the barrier at 163.35, and breaching it will open the way for recording big gains that might extend to 164.00 and 164.80.

While reaching below the current support and providing a negative close, will force it to form sharp bearish waves due to its return to settle within the bearish channel’s levels, to expect suffering several losses that begin at 160.90.

The expected trading range for today is between 162.00 and 163.35

Trend forecast: Bullish

The GBPJPY pair trading is weak, but the repeated stability above the moving average 55 at 192.25 and stochastic attempt to provide positive momentum, represent factors makes us keep the bullish suggestion, which might target the barrier at 194.60 initially, and surpassing it will make 195.65 be the next main target for the bullish trading.

Note that the risk of changing the bullish trend is represented by forming a strong decline, to settle below the main support at 191.30, which forces it to suffer big losses that might begin at 190.35.

The expected trading range for today is between 192.60 and 194.60

Trend forecast: Bullish