No news for copper price by the continuation of forming sideways trading near $4.5600 level, attempting to surpass the positivity of the moving average 55, which assists activating the previously suggested negative attack, reminding you that the negative targets in the current period are stable near $4.4500 level reaching 23.6%Fibonacci correction level at $4.3100.

The price rally above $4.6600 might force it to delay the negative attack until testing the barrier at $4.9100.

The expected trading range for today is between $4.4500 and $4.6600

Trend forecast: Bearish

The (GBPUSD) price rose in its recent intraday trading, affected by the stability of the support level at 1.3160, providing it some of the positive momentum that assist it to recover some of its previous losses.

The pair is affected by several negative factors, first: a negative technical formation on the short-term basis, represented by the triple top pattern, besides the domination of a bearish correctional wave, and moves alongside a bias line, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.

The (USDJPY) price declined in its recent intraday trading, affected by the stability of the current resistance level at 148.13, gathering the gains of its last rises, attempting to gain positive momentum that might assist it to keep the solid bullish correctional wave, besides its attempt to offload some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signal from it.

The domination of the bullish correctional trend supports the price, accompanied by its upcoming intraday trading, especially when breaching the resistance at 148.13, to target the next resistance at 150.00.

The (USDCAD) price settled on a decline in its recent intraday trading, attempting to gain positive momentum that might assist it to rise again, and attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, and the most important is gathering its gain, amid the dominance of the bullish correctional trend on the short-term basis, with the continuation of the positive pressure, due to its trading above EMA50.