Copper price gave in to negative pressures and fell below the stable support of $4.8100, and hesitantly approached $4.7400, delaying any attempts at rising even as the price remains within an ascending channel.

As the $5.000 forms as a barrier and negative signals emerge from the Stochastic, the price  will likely head towards $4.6500 then $4.5600.

Expected trading range today is between $4.6500  and $4.9500.

Today’s price forecast: Bearish

EUR/USD price rose in latest intraday trading after a small bounce lower as the resistance of $1.1090 held its ground, with the price collecting profits and trying to vent off overbought saturation in the Stochastic to gather enough positive momentum to rebound, which is starting to happen already with some recovery taking place.

It comes amid the dominance of the main upward trend as the price trades alongside the short-term trend line, with ongoing positive support due to trading above the 50-candle SMA.

GBP/USD price settled lower in latest intraday trading on profit-taking, while gathering positive momentum by venting off overbought saturation in the Stochastic as negative signals emerged from it, with the price boosted by trading above the 50-candle SMA, amid the total dominance of the main upward trend as the price trades alongside trend line.

USD/JPY edged higher in latest intraday trading while trying to recoup some recent losses, as the price also tried to vent off oversold saturation in the Stochastic with positive signals emerging from it.

It comes as the price settles below the pivotal support of 146.65 that was breached yesterday, while hurt by exiting an ascending correctional price channel previously, with the dominance of the main downward trend.