The EURUSD pair declined in its recent intraday trading, surpassing EMA50’s support, which puts it under negative pressure on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that might help it to gain the required bullish momentum for its recovery, especially with the dominance of the main bullish trend on short-term basis.

The GBPAUD continued forming bearish waves in the last period, to keep its stability below the extra barrier at 1.9070, reaching 1.8850, taking advantage of the continuation of providing negative momentum by the moving average 55.

Resuming the negative trend in the current period to press on 1.8690 support and breaking it will confirm moving to a new bearish phase, to expect targeting 1.8510 and 1.8455 level.

The expected trading range for today is between 1.8690 and 1.8930 

Trend forecast: Bearish

The EURJPY pair kept its negative stability since the last trading by providing repeated negative closes below the barrier at 185.45 level, to target the previously suggested negative stations by reaching 182.60 level.

The contradiction of the main indicators might force it to provide mixed sideways trading until gathering extra negative momentum, to ease the mission of confirming breaking 182.80 level, to begin targeting new negative stations by reaching 182.10 reaching the next main target near 181.25.

The expected trading range for today is between 182.80 and 184.70

Trend forecast: Bearish

The GBPJPY pair settled negatively in its last trading below 214.30, attempting to form new bearish trading by reaching 211.90 level, which forces it to form mixed trading by bouncing towards 212.90 to gather extra negative momentum in the near period.

In general, we will keep the bearish suggestion by the stability of the moving average 55 near the mentioned barrier to increase the negative pressure on the trading for today, to expect breaking 211.80 reaching directly to the next support at 210.45, forming confirmation key for the main trend in the near and medium trading.

The expected trading range for today is between 211.30 and 213.50

Trend forecast: Bearish