The EURJPY pair opened this morning by forming bullish gap, attacking 173.40 barrier to record intraday gains by hitting 173.90 level, to fluctuate in sideways range.
To confirm the dominance of the bullish scenario requires providing new positive close above the breached barrier, reinforcing the chances for reaching the positive stations near 174.20 and 175.20, while its return to fluctuate below the barrier will force it to form a sharp correctional decline, to wait for reaching 172.30.
The expected trading range for today is between 172.80 and 174.20
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, due to the stability of the critical support at $4,250, with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, this performance comes due to the continuation of the negative pressure that comes from its trading below EMA50, which prevented the price recovery in the previous trading, especially with the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line.
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The (Brent) price soars high in its last intraday trading, taking advantage of forming a positive divergence on the (RSI), with the emergence of the positive signals from there, and the price gad previously benefited from the stability of the key support at $65.00, gaining positive momentum that intensified these signals, in attempt to recover some of the previous losses on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, decreasing the chances for the recovery.
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The (silver) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels in attempt to look for a rising low to take it as a base for gaining the required bullish momentum to recover and rise again, amid the dominance of the main bullish trend and its trading alongside minor bias line on its trading above EMA50, increasing the chances for the price recover on the near-term basis.
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