The EURJPY pair rose in its last intraday levels, surpassing the negative pressure of the EMA5O, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, to notice the emergence of the positive signals on the (RSI), reinforcing the bullish track.
Therefore, our expectations suggest a rise in the (EURJPY) price in its upcoming intraday trading, conditioned by the stability of the support level at 171.80, to target the critical resistance at 173.25, preparing to attack it.
The expected trading range for today is between 171.45 support and 173.85 resistance.
Trend forecast: Bullish
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The GBPJPY pair soars high in the last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to get rid of the negative pressure of the EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend.
Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, especially when breaching the current resistance at 198.75, to target the critical resistance level at 199.80.
The expected trading range for today is between 197.90 support and 199.80 resistance
Trend forecast: Bullish
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Copper price witnessed a strong rise in its last intraday trading, to breach the key resistance at $5.73, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a minor bias line, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of this bullish track, especially with the emergence of the positive signals on the (RSI), despite reaching overbought areas.
Therefore, our expectations suggest a rise in (copper) price in its upcoming intraday trading, if it settles above $5.73, to target the critical resistance level at $5.89.
The expected trading range for today is between $5.65 and $5.89
Trend forecast: Bullish
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Natural gas price settled in its last intraday trading, to recover some of its previous losses and offload its oversold conditions on the (RSI), to reach exaggerated overbought conditions compared to the price move, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the bearish track.
Therefore, our expectations for natural gas prices suggest a decline in its upcoming intraday trading, especially when breaking the current support at $3.25, to target the critical support level at $3.15
The expected trading range for today is between $3.15 support and $3.35 resistance
Trend forecast: Bearish
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