Copper price confirmed delaying the decline by providing new positive closes above the support base at $4.5000 level affected by the moving average 55 stability near it, to notice forming some of the bullish waves and achieving extra gains by reaching $4.6600.

Providing positive momentum by the main indicators, and the repeated stability above the mentioned support will increase the chances for surpassing the barrier at 4.6600$, opening the way for recording new positive gains that might extend to $4.7500 reaching 61.8%Fibonacci correction level near $4.8200.

The expected trading range for today is between $4.5200 and $4.7500

Trend forecast: Bullish

The EURUSD maintained a bearish sideways movement during its recent intraday trading, affected by the emergence of negative signals on the  (RSI), which may represent a temporary attempt to relieve negative momentum before resuming the rise.

These recent moves come after a yesterday's rise. but, the overall short-term trend remains bullish, supported by continued trading above EMA50, as well as the dominance of the main bullish trend on the short-term basis, and the momentum indicators have started entering clearly oversold areas, supporting the chances of an imminent price rebound.

The GBPUSD  settled with a slight rise, approaching from the key resistance level at 1.3200 in an attempt to breach it. Getting advantage from the positive momentum of the dominant bullish trend on the short-term basis, and trading above the EMA50.

 Momentum indicators began to show signs of overbought conditions, with initial negative crossovers . This may force the pair into a temporary corrective move to gain the necessary momentum to keep the rise.

The USDJPY price rose during its recent intraday trading, supported by the stability of the key support level at 142.25, providing temporary bullish momentum, especially with the emergence of positive signals from the Relative Strength Index (RSI), supporting the pair’s attempts to recover some of its previous losses.

Despite this rise, the overall trend remains bearish on the short-term basis, with the pair still trading along a minor bearish trend line, besides the continuation of the negative pressure as it remains below the EMA50.