The price of EURUSD kept declining in its fluctuating trading, which prefers the negativity on its last intraday levels, amid the emergence of positive signals from relative strength indicators, accompanied by the dominance of bearish corrective wave on short-term basis, with its trading below EMA50, reducing the chances of the price sustainable recovery on near-term basis.

The CADCHF succeeded in surpassing the negative pressures and providing several bullish closes above 0.5600 support, forming some bullish corrective waves by reaching 0.5715 level, to provide mixed trading due to the contradiction between the main indicators.

In general, the stability above the previously mentioned support makes us wait for gathering extra bullish momentum to ease the mission of resuming the bullish corrective trend, to expect reaching 0.5745 initially then attempting to breach the barrier at 0.5780.

The expected trading range for today is between0.5650 and 0.5745

Trend forecast: Bullish

The EURJPY pair provided several weak sideways trading, delaying the bullish trend due to its stability below 185.45 barrier, to form some mixed trading by reaching 184.35 level.

Note that stochastic exit from the overbought level might increase the negative pressures on the trading, forcing it to provide negative corrective trading, to target 183.85 level reaching the bullish channel’s support at 183.20, while breaching the barrier and holding above it will reinforce the chances of recording extra gains that might begin at 186.20.

The expected trading range for today is between 183.85 and 185.40

Trend forecast: Fluctuating within the bullish trend

The GBPJPY pair succeeded in breaking the bullish channel’s support that is represented by 213.45 level, activating the previously suggested bearish corrective track, recording all the waited targets by reaching 211.60 level, attempting to recover some of the losses by its rally towards 212.85, attempting to retest the extra barrier that appears in the above image.

Confirming the bearish scenario requires providing new bearish close below 212.85, to ease the mission of targeting 212.00 level and surpassing it might extend the losses towards 211.25 and 210.45, while regaining the bullish trend requires forming strong bullish moves to settle above 214.15 level.

The expected trading range for today is between 211.25 and 213.00

Trend forecast: Bearish