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The GBPAUD is forced to decline– Forecast today – 1-9-2025
Natural gas price continued forming bullish correctional trading, to test the neckline of the head and shoulders pattern by reaching $3.050, but it will not affect the main bearish track, depending on the resistance at $3.170.
Stochastic reach to the overbought level confirms surpassing the positive pressure, increasing the chances for gaining the required negative momentum, to activate the negative attempts to reach $2.850, to repeat the pressure on $2.650 barrier.
The expected trading range for today is between $2.850 and $3.100
Trend forecast: Bearish
Written by : Editorial team of BIPNs
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