The EURUSD pair settles on a decline in its last intraday trading, amid the dominance of the bearish trend on the short-term basis, with its trading alongside supportive minor trend line, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the negative pressure on the pair, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

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.

Reminding you that the continuation of forming extra support at 184.85 level supports the chances of activating the bullish trend in the near period, therefore, we will keep waiting for confirming breaching 186.00 level, to ease the mission of recording extra gains that might extend to 186.65 and 187.10. 

The expected trading range for today is between 185.40 and 186.65

Trend forecast: Bullish

The GBPJPY pair formed several bullish waves, benefiting from its main stability above 213.50 support, recording 215.50 level, forcing it to form some sideways trading as it represents an intraday barrier against the bullish trend.

The price might be forced to provide some mixed trading, to keep waiting to gather extra positive momentum, to ease the mission of achieving extra gains by its rally towards the next barrier at 216.10, which represents a confirmation key for the main trend in the futuristic trading.

The expected trading range for today is between 214.75 and 216.10

Trend forecast: Bullish