The GBPJPY pair formed more bullish waves, reaching 2.00%Fibonacci extension level at 205.25, achieving the suggested initial target, to form sideways trading due to its neediness to the positive momentum.

We recommend waiting to achieve the current obstacle and providing positive close above it, to reinforce the chances of recording new gains by its rally towards 205.70 reaching the next main target in the medium period near 206.90, while the breach failure will force it to provide mixed trading, and there is a chance to decline towards 203.70.

The expected trading range for today is between 204.45 and 205.70

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of a recovery on a short-term basis, especially with the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, attempting to recover some of its previous losses, supported by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.

The (Brent) price settled with cautious rise in its last intraday trading, in an attempt to recover some of its previous losses, and attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis.

Silver price declined in its last intraday trading, due to the stability of the resistance at $52.00, this resistance was our expected target in our previous analysis, to attempt to gain bullish momentum that might help it breach this resistance, and attempts to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to surpass the support of its EMA50, which may reduce the chances of the price recover in the upcoming period, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis.