Natural gas price remains stable within the bullish trend, fluctuating near $3.120 while maintaining its stability above the additional support at $2.830. The current sideways movement is attributed to conflicting signals from the main indicators. Therefore, we will continue waiting for the price to successfully break above the 55-period moving average at $3.240, which would open the way toward the next bullish targets, starting at $3.320 and extending toward $3.520, respectively.
The expected trading range for today is between $3.000 and $3.320.
EURGBP ended its bullish corrective rebound after facing the resistance of the descending channel at 0.8605, forming a quick bearish reversal that pushed the price to stabilize below the 55-period moving average, targeting 0.8565.
Currently, stochastic provides additional bearish momentum, the effectiveness of the bearish path is expected to increase, waiting for the price to target the next downside levels, which may start at 0.8535 and 0.8510.
The expected trading range for today is between 0.8535 and 0.8590.
GBPJPY has been moving sideways recently, fluctuating again above the support level at 208.10 while attempting to gather the additional negative momentum required to confirm the bearish continuation previously suggested.
Currently, with the Stochastic indicator slipping below the 50 level, the chances of confirming a break below the current support are increasing, which would open the way toward the next downside targets at 207.40 and 206.80, respectively. However, failure to break the support could force the pair into further mixed trading, with a potential retest of the resistance barrier near 210.45.
The expected trading range for today is between 206.80 and 209.30.
EURUSD declined in its latest intraday trading, amid continued negative pressure surrounding the pair, reinforced by the dominance of the main short-term bearish trend, with price moving along a minor trend line supporting this path. The pair also continues to trade below EMA50, which acts as dynamic resistance and adds further downside pressure, while the relative strength indicators are generating negative signals after reaching deeply overbought levels.
2026.09.28 2026.09.28 Short-Term Analysis for Oil, Gold, and EURUSD for 28.09.2026
Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/
Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
Gold continues to fall within a short-term downtrend.
The article covers the following subjects:
Major Takeaways
USCrude: Oil has moved from the resistance B of 95.44–94.79 to the first bearish target.
XAUUSD: Gold is approaching the Target Zone 2 of 4,158–4,135.
EURUSD: The euro is testing the Gold Zone of 1.1375–1.1367.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to trade within a short-term downtrend. Last week, the first sell target at the 91.84 level was reached. The second sell target is 88.25. Today, hold short positions opened earlier near the resistance level B at 95.44–94.79.
An alternative scenario may emerge if the price breaks through the resistance B of 102.63–101.32 and consolidates above it during the US trading session. In this case, the short-term trend will reverse to the upside. As a result, consider buying with a target in the upper Target Zone.
USCrude Trading Ideas for Today:
Hold short trades opened near resistance B at 95.44–94.79. TakeProfit: 88.25. StopLoss: at breakeven.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to fall within a short-term downtrend. Today, the price has hit the second sell target of 4,235 from the resistance B of 4,415–4,398. The price is approaching the Target Zone 2 of 4,158–4,135. If this zone is broken through, the next target will be the Gold Zone 2 of 4,049–4,038.
As a result, consider selling on pullbacks today. The nearest strong resistance area is between 4,295 and 4,284.
XAUUSD Trading Ideas for Today:
Sell near resistance A at 4,295–4,284. TakeProfit: 4,233, 4,171. StopLoss: 4,321.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term downtrend. The price is testing the Gold Zone of 1.1375–1.1367. If this zone is pierced, the next downside target will be the Target Zone 2 of 1.1291–1.1274.
Consider short positions on pullbacks from strong resistance levels at 1.1451–1.1443. If the price moves into this area, short positions can be considered with targets at 1.1405 and 1.1359.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1451–1.1443. TakeProfit: 1.1405, 1.1359. StopLoss: 1.1472.
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Price chart of XAUUSD in real time mode
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The Pound US Dollar (GBP/USD) exchange rate gained ground on Monday as UK diesel prices reached a record high, strengthening expectations of higher Bank of England (BoE) interest rates.
However, the pair’s advance remained limited.
At the time of writing, GBP/USD was trading at $1.3265 after briefly climbing to a five-day high.
The Pound (GBP) strengthened on Monday after UK diesel prices climbed to a new record, leading markets to raise their expectations for tighter Bank of England monetary policy in the months ahead.
Average diesel prices at UK forecourts reached 199.18p per litre, moving above the previous record set in June 2022 following Russia’s full-scale invasion of Ukraine.
Higher fuel costs can feed through into wider inflationary pressures, particularly if businesses reliant on diesel-powered transport pass increased operating expenses on to customers.
As the risk of renewed inflation became more prominent, markets began to anticipate a more hawkish approach from the BoE.
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Meanwhile, the US Dollar (USD) found some support on Monday as fresh developments surrounding the Middle East crisis encouraged a degree of caution among investors.
Over the weekend, the US rejected an Iranian peace proposal that would have seen the Strait of Hormuz reopened within seven days.
President Donald Trump subsequently said he expected negotiations to resume shortly, although Tehran disputed his account.
However, developments in US-China trade relations offered some reassurance, preventing a decisive shift towards risk aversion.
Following in-person talks between President Trump and Chinese President Xi Jinping last week, both sides published lists outlining around $30bn each in tariff cuts, potentially providing a boost to Sino-American trade.
Near-Term GBP/USD Forecast: US Data and Middle East Tensions in Focus
Looking ahead, the latest US Job Openings and Labor Turnover Survey (JOLTS) is due on Tuesday.
A modest reduction in job vacancies could take some of the shine off the US Dollar.
At the same time, the ‘Greenback’ could find support if September’s consumer confidence reading comes in higher as forecast.
However, if escalating Middle East tensions and expectations of higher interest rates had a stronger-than-expected impact on consumer morale last month, the US Dollar could come under pressure instead.
For the Pound, Tuesday’s UK calendar is relatively quiet, putting the spotlight on domestic political developments.
Updates from the Labour Party Conference could consequently influence Sterling.
Bank of England policymaker Alan Taylor is also due to speak, and his remarks could help shape expectations around the central bank’s future policy.
Any dovish signals may add to the pressure on the Pound.
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GBPJPY achieved the initially suggested bearish targets during Friday’s trading, reaching 208.00 before forming some sideways trading as the 208.10 level continues to act as important support against further declines.
We recommend waiting for confirmation of the break, with a negative close below 208.10. This would strengthen the chances of targeting additional bearish levels, starting at 206.80 and extending toward 205.00 over the medium term. Meanwhile, the risk of a trend reversal and the beginning of a bullish move would require a strong positive surge that enables the price to stabilize above 210.45.
The expected trading range for today is between 207.00 and 209.30
Traders also had a chance to take a look at the Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index declined from 11.6 in August to 9.8 in September, compared to analyst forecast of 1.
In case U.S. Dollar Index stays above the 101.00 level, it will head towards the next resistance level, which is located in the 101.50 – 101.65 range. A successful test of this level will open the way to the test of the next resistance at 102.35 – 102.50.
Natural gas opened this morning’s trading with a brief bearish gap, slipping toward $3.100 as the 55-period moving average forms additional resistance around $3.240.
The current pullback poses no threat to the bullish trend, given the overall stability above the pivotal support at $2.620, in addition to the $2.830 level forming additional support for the current trading. Therefore, we will continue to wait for the price to gather positive momentum, enabling it to break above the 55-period moving average and then attempt to reach the next bullish target around $3.520.
The expected trading range for today is between $3.000 and $3.320.
GBP/JPY’s tests two-week lows below 208.00 after being rejected at 209.00.
The Pound resumes its bearish trend after a mild recovery attempt during the Asian session.
The BoJ minutes highlight an increasing concern about inflation and policymakers’ willingness to accelerate rate hikes.
The British Pound (GBP) extends losses against the Japanese Yen (JPY) on Monday, following a mild recovery attempt earlier in the day. The GBP/JPY hit fresh two-week lows at the 207.70 area on Wednesday, after being rejected at 209.00 in the Asian session, highlighting a more than 1% decline over the last two trading days and nearing oversold levels on intraday charts.
The Bank of Japan (BoJ) released the minutes of July’s meeting earlier on Monday, which showed that some policymakers called for faster interest rate hikes in July, in light of the mounting inflation risks. The minutes, however, failed to have any significant impact on the pair at the moment of their release.
The bank hiked interest rates in September, but the two dovish dissenters in the committee left investors pondering the ability of the BoJ to tighten its monetary policy much further and sent the Yen lower across the board.
In the UK, the Bank of England has turned hawkish with Governor Bailey and Deputy Governor Clare Lombardelli hinting at interest rate hikes ahead, although, according to HSBC analysts, “weak UK labour demand and sluggish private sector momentum could weigh on the GBP in the near term”
Apart from that, the political and fiscal backdrop is an additional source of weakness for the pound, says HSBC, noting that “the run-up to the budget update on 28 October may add further pressure, with elevated gilt yields and difficult fiscal choices ahead for the new Chancellor.”
Technical Analysis: Testing support at 207.80 with RSI approaching oversold levels
GBP/JPY trades at 208.00, holding the near-term bearish structure in place. Momentum indicators in the 4-hour chart remain bearish, with the Relative Strength Index (14) just above oversold levels and the Moving Average Convergence Divergence (MACD) histogram printing widening red bars, which suggests that upside attmepts are likely to find sellers.
Bears have pierced a trendline resistance from early September lows, at 208,10 and are now testing the support area around 207.80 (September 17 and 25 lows) with their focus on the key support area at the September 8 trough of 207.10.
On the topside, initial resistance arrives at 209.00, which has capped bulls on Monday. A clear break of that level would expose the horizontal resistance around 210.10 (September 23, 24 highs) ahead of the September 22 high at 210.90.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.05%
-0.33%
-0.50%
0.08%
0.02%
-0.16%
0.11%
EUR
-0.05%
-0.22%
-0.50%
0.07%
-0.00%
-0.07%
0.07%
GBP
0.33%
0.22%
-0.31%
0.28%
0.20%
0.16%
0.40%
JPY
0.50%
0.50%
0.31%
0.54%
0.47%
0.42%
0.70%
CAD
-0.08%
-0.07%
-0.28%
-0.54%
-0.08%
-0.13%
0.13%
AUD
-0.02%
0.00%
-0.20%
-0.47%
0.08%
-0.07%
0.20%
NZD
0.16%
0.07%
-0.16%
-0.42%
0.13%
0.07%
0.28%
CHF
-0.11%
-0.07%
-0.40%
-0.70%
-0.13%
-0.20%
-0.28%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Disclaimer: For information purposes only. Past performance is not indicative of future results.
