COPPER chart - Trading View
Copper has resume upside after a brief pause on Thursday's trade. Traders ignore Gravestone Doji formed on the previous session's candle, bias remains bullish.
The pair was trading 0.79% higher on the day at 4.518 at around 12:00 GMT, after closing 0.22% lower in the previous session.
Momentum is strongly bullish. Oscillators are at overbought levels, but no signs of reversal seen.
Analysis of GMMA indicator shows major and minor trend are strongly bullish on the daily, weekly and monthly charts.
Technical indicators also support further upside in the pair. The pair has erased early losses and set to extend gains.
Overbought oscillators warrant caution. That said, pullbacks are likely to be shallow. Major weakness only below 55-EMA and daily cloud.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro : GBP/NZD strongly bearish despite upside attempts
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Woodies pivot (Major)
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 



