The GBPAUD pair started to get the positive momentum, to move away from the major support near 1.7700, forming bullish rally and achieving 1.8766 level recently.

Now, the moving average 55 forms additional support at 1.8370, in addition to stochastic providing the positive momentum signals, which allow us to suggest more bullish attempts that might target 1.8965 followed by 1.9155 levels in the medium term period.

The expected trading range for today is between 1.8540 and 1.8900

The expected trend for today: Bullish

The European index succeeded to end the correctional bearish attack by testing the main bullish channel’s support line at 4035.00, to force it to rebound bullishly towards 4160.00 and confirm keeping the domination of the bullish bias for the upcoming period.

We remind you that it is important to hold above the mentioned support to increase the chances of gathering the required positive momentum to resume the bullish attempts until reaching the positive stations at 4210.00 and 4265.00.

The expected trading range for today is between 4090.00 and 4210.00

The expected trend for today: Bullish

The EURJPY pair surrendered to the frequent negative pressures to notice forming strong negative wave and crawl below the major support 128.10, suffering additional losses by touching 127.48.

Facing continuous negative pressures will force the price to resume the negative attack, to expect targeting new negative stations that might extend towards 127.20 followed by 126.80 levels.

The expected trading range for today is between 128.70 and 127.20

The expected trend for today: Bearish

The GBPJPY pair continued to form negative trades recently, to notice breaking the bullish channel’s support line at 152.10 and confirm moving to the bearish track to record 150.70 level.

These factors confirm the continuation of the negativity, in addition to stochastic negative momentum signals, thus, we will keep suggesting the negative trades that might target 149.75 followed by 147.70 levels.

The expected trading range for today is between 152.25 and 150.00

The expected trend for today: Bearish