The GBPAUD pair formed temporary sideways fluctuation after facing solid support at 1.7535, allowing us to wait to gather the required additional momentum to resume recording the negative targets.

We will depend on 1.7810 level forming additional barrier against the current trades to note that stochastic attempt to crawl towards the oversold areas will increase the chances of achieving the required break and reach 1.7370 followed by 1.7195 levels.

The expected trading range for today is between 1.7810 and 1.7535

The expected trend for today: Sideways

IBEX index formed negative rebound recently after facing the bearish channel’s resistance at 7120.00, to notice moving towards 6878.00 and confirm surrendering to the domination of the previously suggested bearish bias.

We expect gathering the negative momentum soon, to start recording new negative targets by moving towards 6570.00 level, while surpassing it might allow the price to reach the bearish channel’s resistance at 6200.00.

The expected trading range for today is between 7080.00 and 6700.00

The expected trend for today: Bearish

The Australian index formed new negative wave recently, surrendering to the negativity of the moving average 55 by forming additional barrier at 5978.00, forcing it to renew the pressure on 50% Fibonacci correction level at 5805.00.

Also, stochastic decline towards 30 level reinforces the chances of gathering the negative momentum to expect breaking the current support and start targeting new negative levels by moving towards 5670.00 followed by 5470.00 levels.

The expected trading range for today is between 5900.00 and 5760.00

The expected trend for today: Bearish

The EURJPY pair still stable above 123.30 to form additional support against the recent negative trades, to notice surrendering to the sideways bias domination temporarily by fluctuating below 124.40.

We recommend waiting to gather the additional negative momentum and crawling below the current support to confirm moving into new negative track, to increase the chances of recording additional targets that might extend towards 122.70 followed by 122.25 levels in the near term and medium term period.

The expected trading range for today is between 124.40 and 122.75

The expected trend for today: Bearish