The price of (EURUSD) witnessed fluctuated trading on its last intraday levels, amid its attempts to gain bullish momentum that may help it to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trendline for this trend, and there is negative pressure due to its trading above EMA50, besides the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of the positive signals from there.

GBPCHF activated the bullish scenario in its last trading by surpassing key barrier that is represented by 1.0670 level, to begin achieving some gains by its rally towards the moving average 55 at 1.0715.

Forming extra support at 1.0670 level and stochastic attempt to provide bullish momentum by its rally towards overbought level, forming new bullish wave to reach 1.0750 by gathering bullish momentum, which will pave the way for reaching the next main target near 1.0800.

The expected trading range for today is between 1.0680 and 1.0750

Trend forecast: Bullish

The EURJPY pair provided a new negative close below 181.70 barrier, to confirm delaying the bullish rally, activating with stochastic negativity by forming corrective waves and its stability near 180.10.

This corrective decline will not threaten the main bullish scenario, depending on the continuation of forming current support at 179.40 level, therefore, we will keep waiting for gathering bullish momentum to help it to form new bullish waves, to renew the pressure on the barrier and find an exit for achieving new gains in the upcoming period.

The expected trading range for today is between 179.65 and 181.70

Trend forecast: Bullish

The GBPJPY pair failed to settle above 206.90 level, which forces it to form corrective trading and begin gathering gains by reaching 206.30.

In general, the stability within the bullish channel’s levels and forming initial main support at 205.20 level make us wait for gathering extra bullish momentum, which allows it to renew the bullish attempts and reach extra stations near 207.65 and 208.20.

The expected trading range for today is between 205.80 and 207.65

Trend forecast: Bullish