The GBPCAD ended the last bullish rally by facing strong barrier near1.8670, obstructing the chances of recording any extra gains, forming sideways fluctuation by its stability near 1.8640.
The stability below the current barrier might increase the chances of activating the bearish corrective trend, to begin targeting some bearish stations by reaching 1.8570 followed by the extra support near 1.8510, while activating the bullish trend requires a strong bullish rally to settle above 1.8690 level.
The expected trading range for today is between 1.8570 and 1.8670
Trend forecast: Bearish
The EURJPY pair faces difficulty in resuming the bullish attempts by forming a new obstacle at 186.00 level, to form some sideways trading by its stability near 185.85 affected by stochastic exit from the overbought levels.
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