The GBPJPY pair continued forming bullish trading since Friday’s trading, taking advantage of the repeated positive stability above 210.40 support, achieving several gains by reaching 212.75 which forms an intraday obstacle against the bullish trend.

The contradiction between the main indicators makes us expect providing mixed trading until gathering extra positive momentum, to ease the mission of surpassing the current obstacle, to target extra gains by its rally towards 213.40 and surpassing it will confirm its stability within the main bullish channel’s levels, opening the way towards for strong chance of recording new gains that might extend towards 214.15 and 214.90.

The expected trading range for today is between 211.80 and 213.40

Trend forecast: Bullish

 The (ETHUSD) price is experiencing free fall in its last intraday trading, amid the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures around the price, especially with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, indicating the strength and volume of the bearish momentum in the near period.

The (Brent) price slipped lower in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after offloading its oversold conditions previously, opening the way for recording those losses, to lean on EMA50’s support, which might provide a chance for gaining bullish momentum to help it rebound higher, especially with its trading alongside minor bullish trend line on short-term basis that reinforces this scenario.

The (USDCHF) price settles on gains in its last intraday trading, to test 0.7725 key resistance, accompanied by testing minor bearish trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on near-term basis, with the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels.