The GBPJPY pair continued providing positive trading, noticing its stability above 203.95 and recording some gains by its rally towards 204.50, but stochastic negativity by its attempt to surpass the overbought level that might decelerate the bullish rally in the current period trading.

All that make us prefer the sideways trading, reminding you that the stability above the support at 201,70 forms a main factor for confirming the dominance of the bullish track, therefore, we will keep waiting for gathering extra bullish momentum to ease the mission of recording positive gains by its rally towards 205.25.

The expected trading range for today is between 203.35 and 204.65

Trend forecast: Fluctuated within the bullish track

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.