The GBPJPY pair remains stable negatively until this moment below the 210.65 resistance, activating with the main indicators’ negativity and its stability near 209.40.

The continuation of providing negative momentum by the main indicators makes us expect to reach 209.15 barrier and breaking it will open the way for targeting new bearish stations that might begin at 208.30 and 206.90.

The expected trading range for today is between $208.30 and $210.40

Trend forecast: Bearish

Gold prices rose in its recent intraday trading, to recover some of its previous losses, but it continues to face negative and dynamic pressure due to the continuation of its trading below EMA50, which prevented its recovery recently.

This comes because of breaking short-term bullish trend line, weakening the previous positive technical structure, accompanied by the emergence of negative signals from relative strength indicators, which might limit the ability to keep rising unless the price manages to breach its near resistance and holds above it.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if $5,200 resistance remains intact, to target $5,000 support level.

The expected trading range is between $5,000 support and $5,250 resistance.

Today’s forecast: Bearish

The (ETHUSD) price declined in its last trading on the intraday levels, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, besides offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of bullish corrective wave on short-term basis, with a dynamic support that is represented by its trading above EMA50, reinforcing the chances of near-term recovery.

The (Brent) price rose in its last intraday trading, with the beginning of forming positive divergence on relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from them, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the positive pressure on the price.