The EURGBP rose cautiously in its last trading, to hit the resistance of its EMA50, in attempt to offload some of its clear oversold conditions on the relative strength indicators, with the emergence of positive overlapping signals, affected by breaking bullish trend line on the short-term basis, intensifying the negative pressure on the pair, reinforcing the chances of the price decline on the near-term basis.

Therefore, our expectation suggests a decline in EURGBP’s last intraday trading, if the resistance settles at 0.8825, to target the key support at 0.8795.

The expected trading range for today is between 0.8795 and 0.8830

Trend forecast: Bearish

The EURJPY pair declined slightly in the last intraday levels, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside supportive trend line, and there is continued dynamic support due to its trading above EMA50, reinforcing the chances of its recovery in the upcoming perio.

Therefore, our expectations suggest a rise in the upcoming intraday trading, especially when breaching the key resistance at 181.90, targeting its next resistance at 183.00.

The expected trading range for today is between 180.75 and 183.00

Trend forecast: Bullish

The GBPJPY pair witnessed fluctuating trading in limited sideways trading on the last intraday levels, in attempt to look for a rising low to take it as a base that may help it gain the required bullish momentum for its recovery, with the emergence of the negative signals on the relative strength indicators, amid the continuation of the dynamic support that is represented by its trading above its EMA50, reinforcing the chances of the price recovery on the near-term basis, with the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis.

Therefore, our expectations suggest a rise in GBPJPY in its upcoming intraday trading, conditioned by the stability of the support at 205.30 and 206.80 resistance.

The expected trading range for today is between 205.25 and 206.45

Trend forecast: Bullish

Copper price rose in attempt to recover its previous losses, and it attempts to recover some of its losses, attempting to offload some of its clear overbought conditions, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance and stability of the bearish corrective trend on the short-term basis with its trading alongside supportive trend line.

Therefore, our expectations suggest a decline in their last trading on an intraday basis, if the resistance settles at $55.10, to target the key support level at $4.95.

The expected trading range for today is between $4.95 and $5.10

Trend forecast: Bearish