The GBPJPY pair trading extended positively after it failed to break the support level located at 181.35, to approach from 184.10 level, the previously mentioned levels represents the main levels in the near period to confines the trading in sideways range to wait for surpassing one of the previous levels.

We remind you that surpassing the current support will open the way towards resuming the bearish correctional attempts to target 178.85 level, while breaching 184.10 level will turn the bullish bias again, to target 185.90 level as an initial positive target.

Expected trading range is between 184.10 and 181.40 

Expected trend for today: fluctuated

S&P500 Futures has showed some kind of correction for the bearishness seen during the previous period, while trading is presently trapped between 23.6% and 38.2% Fibonacci of the wave from 1973.00 to 2117.00.

The negative signs remain intact on Linear Regression, RSI14 and MACD and that suggests resuming the downside wave.

A break below 2062.00 will confirm and accelerate targeting next Fibonacci level at 2045.00.

Conversely, 2083.00 has turned into strong resistance and coming above it once again will weaken the chances for resuming the bearish correction.

Oil Futures is still struggling around the correctional upside trend line set from the significant trough of 43.60 as seen on the provided daily chart.

Some kind of bounce has been witnessed yesterday despite the negativity of Linear Regression indicator, which still covers the price actions.

RSI14 and MACD are in a neutral zone and that forces us to remain neutral over intraday basis; noting that a break below the aforesaid trend line will bring further depreciation with targets at 47.80, while 51.25 and 52.20 could be re-visited with a breakout above 50.70.

Silver has plummeted once again below 61.8% Fibonacci retracement of the above seen upside wave at 15.89. Trading remains stable below Linear Regression, but the RSI14 is presently touching the oversold value of 30.00 and that may cause some kind of fluctuation. Another break below 15.28 will encourage bears to ignore the aforementioned oversold sign, but coming again above 16.00 levels will limit the bearishness.