The EURJPY pair returned to rise on the intraday basis, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive minor trend line for this track, besides the continuation of the dynamic support that is represented by its trading above its EMA50, indicating the bullish momentum, accompanied by the return of the positive signals on the relative strength indicators, after offloading some of its overbought levels in its previous moves, opening the way for achieving more of the gains on the near-term basis.

Therefore, our expectations suggest a rise in EURJPY price in its upcoming intraday trading, especially with its stability above 179.40, to target the initial resistance levels at 180.30.

The expected trading range for today is between 179.40 and 180.30

Trend forecast: Bullish

The GBPJPY pair rose in its last intraday trading, to recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals.

Affected by breaking main bullish trend line on the short-term basis, there is negative pressure due to its trading below EMA50, forming an obstacle against the attempts of the price recovery on a near-term basis.

Therefore, our expectations suggest a decline in its upcoming intraday trading, if the resistance settles at 203.40, to target the initial support levels at 202.60.

The expected trading range for today is between 202.60 and 203.40

Trend forecast: Bearish

Copper price trading fluctuated in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, affected by breaking minor bullish trendline, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chance of the price recovery on the near-term basis, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, indicating the beginning of forming negative divergence, intensifying the negative pressure.

Therefore, our expectations suggest a decline in copper price’s upcoming intraday trading, especially if it settles below $5.1375, targeting the key support at $5.0885 and there are strong chances of breaking it.

The expected trading range for today is between $5.0885 and$5.1590

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside minor trendline on the short-term basis that supports this track, accompanied by the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.