Despite the EURGBP pair’s recent weak trades, its frequent negative consolidation below 0.8615 resistance supports our bearish overview for the upcoming period, thus, we will keep waiting to gather the additional negative momentum to ease the mission of achieving the negative targets, located near 0.8490 and 0.8410.

The expected trading range for today is between 0.8600 and 0.8500

The expected trend for today: Bearish

The Australian index got rid of the negative pressures after testing 7120.00 support line, to notice forming strong bullish rally and surpass the moving average 55 to settle near 7370.00.

We expect to form additional support at 7285.00, while stochastic continues to provide the positive momentum, allowing us to renew the bullish attempts to target 7435.00 followed by reaching the extended resistance at 7590.00 on the medium term basis.

The expected trading range for today is between 7300.00 and 7435.00

The expected trend for today: Bullish

The EURJPY price confirmed surrendering to the domination of the correctional bullish bias by providing new close above the additional support at 128.00, to notice recording some targets by reaching 128.60.

Stochastic attempt to exit the oversold areas will provide the price with new positive momentum, to expect targeting 129.05 level initially, while surpassing it might extend trades towards 129.55.

The expected trading range for today is between 128.25 and 129.05

The expected trend for today: Bullish

No change to GBPJPY pair’s bullish track as it keeps providing positive closings above the bullish channel’s support line at 149.00, reinforcing the bullish track, to settle near 149.75.

Note that it is important to gather the additional positive momentum to manage to continue the rise, expecting to surpass 150.10 to start achieving new targets that might extend towards 150.55 and 151.30.

The expected trading range for today is between 149.25 and 150.55

The expected trend for today: Bullish