The (EURGBP) price witnessed fluctuated trading in its last intraday trading, in attempt to gain positive momentum that might assist it to rise in a strong wave as the previous one, amid the dominance of the main bullish trend and its trading alongside a minor bias line above EMA50, noticing the emergence of the positive signals on the (RSI).

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The CADCHF pair declined in its last intraday levels, to gather the gains of its previous rises, attempting to gather bullish momentum that might assist it to breach the critical resistance at 173.25, and attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals appearance, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a rise in the (CADCHF) price in its upcoming intraday trading, conditioned by breaching the mentioned resistance at 173.25 initially, to target its next resistance at 174.35.

The expected trading range for today is between 171.85 support and 173.80 resistance.

Trend forecast: Bullish

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The GBPJPY pair declined in the last intraday trading, affected by reaching the resistance of the EMA50, facing negative pressure that forced it to bounce lower, continuing its attempts to gain the required positive momentum to recover and help it to get rid of the negative pressure, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend, with the emergence of the positive signals on the (RSI).

Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, conditioned by the stability of the support at the 197.90 level, to target the critical resistance level at 199.80.

The expected trading range for today is between 197.40 support and 199.25 resistance

Trend forecast: Bullish

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Copper price declined in its last intraday trading, due to the stability of the resistance level at $5.89, attempting to look for a rising low to take it as a base that might assist it to gain the required positive momentum to help it to breach this resistance, to lean on the support of a minor bullish trend line on the short-term basis, amid the continuation of the positive pressure that comes from its trading above EMA50, besides the (RSI) reach to oversold levels, exaggeratedly compared to the price movement, suggesting the beginning of forming positive divergence, intensifying the positive pressure on the price.

Therefore, our expectations suggest a rise in (copper) price in its intraday trading, especially when breaching the mentioned resistance at $5.89, to target the next resistance level at $6.1820.

The expected trading range for today is between $5.7344 and $6.0500

Trend forecast: Bullish

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