The EURJPY pair’s stability within the bullish trend that depends on the continuation of forming extra support at 178.00 level, but the contradiction between the main indicators pushes it to form sideways fluctuation by its stability below the psychological barrier at 180.00.

The price might be forced to provide more of the sideways trading until gathering extra positive momentum, to surpass the current barrier and begin forming extra gains by its rally at 180.60 initially reaching the next main target at 181.55.

The expected trading range for today is between 179.30 and 180.60

Trend forecast: Bullish

The (ETHUSD) price rose in its last trading on the intraday levels, to recover some previous losses, attempting at the same time to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of the main bearish trend on the short-term basis and its trading alongside minor trend line that reinforces the dominance of this track, especially with continuous negative pressure due to its trading below EMA50, reducing the chances of the recovery on the near-term basis.

The (Brent) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to surpass the support of its EMA50, to reinforce the chances of the price decline on the near-term basis.

Silver price settled low in its last intraday trading, affected by breaking minor bullish trend line on the short-term basis, accompanied by surpassing the support of its EMA50, intensifying the negative pressure on the price, which reinforces the chances of extending the losses in the upcoming period, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions.