No news for Copper price until this moment by its repeated sideways fluctuation near $4.6200 level, attempting to settle below the initial barrier at $4.6600, reinforcing the chances for activating the suggested negative scenario, reminding you that the initial targets are located near $4.4500 and $4.3100 level.

Note that regaining the bullish bias requires forming strong bullish waves, to surpass the resistance at $4.9100, and holding above it to open the way towards achieving big gains that might begin at $5.0300.

The expected trading range for today is between $4.4500 and $4.6800

Trend forecast: Bearish

The (GBPUSD) rose in its recent intraday trading, taking advantage of the technical support from its stability above its EAM50, which reinforces the positive momentum for the price on the short-term basis, with the emergence of the positive signals on the (RSI), after reaching oversold levels, the dominations of the main bullish trend on the short-term basis reinforces this scene, with the continuation of the trading alongside a bias line.

The (USDJPY) continued the decline in its recent intraday trading, to confirm breaking the key support level at 145.90, accompanied by surpassing the support of its EMA50, this decline came after the pair success in offloading some of its oversold conditions on the (RSI), and the negative signals returns, which reinforces the negative scenario for the pair’s trading.

The (USDCAD) declined in its recent intraday trading, affected by the stability of the critical and stubborn resistance level at 1.4000, this decline came with the emergence of the negative signals on the (RSI), amid the pair’s attempts to gain positive momentum that might assist to breach this resistance, to lean on the support of a bullish correctional trend line on the short-term basis, with a positive reinforcement due to its trading above its EMA50.