Copper price confirmed delaying the decline in the current period, due to the continuation of providing positive momentum by the main indicators, attempting to surpass the initial barrier at $4.6600, recommend waiting for confirming the breach to reinforce the chances for forming a bullish rally then targeting some of the positive stations that begin at $4.7500 reaching 61.8%Fibonacci correction level at $4.8100.

Activating the negative track requires forming a sharp decline, to settle below $4.5000 level, to confirm targeting several negative stations that begin at $4.4300 and $4.3100.

The expected trading range for today is between $4.5500 and $4.7500

Trend forecast: Bullish

The (GBPUSD) price rose in its last intraday trading, amid its readiness to attack the stubborn and critical resistance at 1.3440, supported by its continuous trading above its EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line, the price succeeded to offload its clear overbought conditions on the (RSI), which renews the positive momentum.

The (USDJPY) price continues the decline in its last intraday trading, after it attempted to offload some of its clear oversold conditions on the (RSI), but it bounced lower under the selling power domination, amid the continuation of the negative pressure due to its trading below the EMA50, affected by breaking a bullish correctional trend line previously on the short-term basis.

The (USDCAD) price settled on a rise in its last intraday trading, affected by the stability of the support at 1.3840, providing positive momentum that assisted it to recover some of its previous losses, attempting to offload some of its clear oversold conditions on the (RSI), amid the domination of the main bearish trend on the short-term basis and its trading alongside a bias line.