The EURJPY pair declined in its last intraday levels, to gain a positive momentum that might assist it to recover and rise again, and it attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, to test a main bullish trend line on the short-term basis, accompanied by its lean on the support of its EMA50, reinforcing the importance of this area as a strong support that prevents the price turn to the bearish track on the near-term basis.

Therefore, our expectations suggest the (EURJPY) price rise in its upcoming intraday trading, conditioned by the stability of the support at 172.25, to target the critical resistance at 173.25 preparing to attack it.

The expected trading range for today is between 172.00 and 174.00

Trend forecast: Bullish

The (EURGBP) price settled high in its last intraday trading, supported by its continuous trading above its EMA50, with the emergence of the positive signals on the (RSI), after reaching exaggerated oversold levels compared to the price move, which makes the price confirms breaching bearish correctional trend line on the short-term basis by its last gains, amid its trading within a minor bullish channel’s range on its intraday levels.

Therefore, our expectations suggest a rise in (EURGBP) price in its upcoming intraday trading, if the support level settles at 0.8660, to target the key resistance level at 0.8680. 

The expected trading range for today is between 0.8660 and 0.8680

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, getting ready to attack the current resistance level at $3,800, after its success in offloading some of its overbought conditions on the (RSI) previously, providing bigger space to achieve more of the gains, amid the dominance of the main bullish trend and its trading alongside main and minor bias line on the short-term basis, indicating the strength of this trend.

The (Brent) price witnessed calm trading in tight range of sideways trading in the intraday levels, accompanied by negative pressure due to its trading below its EMA50 against the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the (RSI) reaching oversold levels, exaggeratedly compared to the price move, suggesting the beginning of forming positive divergence.