The EURJPY pair continued its rise in its last intraday levels, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels and taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the price decline to confirm the stability of the main bullish trend on a short-term basis.

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

The expected trading range for today is between 171.85 and 173.25

Trend forecast: Bullish

The GBPJPY pair rose in its last intraday levels, affected by its lean on the support of minor bullish trend line on the short-term basis, gaining positive momentum, accompanied by the emergence of the negative signals on the (RSI), after reaching oversold levels, attempting to surpass the negative pressure on the EMA50, announcing its full recovery.

Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, if the support settles at 198.70, to target the critical resistance level at 199.80.

The expected trading range for today is between 198.75 and 199.80

Trend forecast: Bullish

Copper price declined in its last trading on the intraday levels, amid the negative signals emergence on the (RSI), after reaching overbought levels, attempting to offload this overbought condition to gain a bullish momentum that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a (copper) price rise in its upcoming intraday trading, to target the critical resistance at $5.73 preparing to reach it.

The expected trading range for today is between $5.55 and $5.73

Trend forecast: Bullish

Natural gas price settled on slight gain in its last intraday trading, attempting to recover some of its previous losses, and it attempts to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the emergence of the positive signals, amid the dominance of the main bearish trend on the short-term, and its affection by exiting bullish correctional channel’s range on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

Therefore, our expectations suggest natural gas price decline in its upcoming intraday trading, if the resistance settles at $3.40, to target the initial support level at 43.25 preparing to break it.

The expected trading range for today is between $3.20 and $3.40

Trend forecast: Bearish