The price of EURUSD declined in its last intraday trading, to reach our morning expected target at 1.1565 support, preparing to break it amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the strength and stability of the main bearish trend on short-term basis, to notice the emergence of negative signals from relative strength indicators, intensifying the negative pressure on the pair.

The GBPCAD confirmed its move to the negative track by providing several negative closes below the broken support at 1.8430, to form strong resistance and target several negative stations by reaching 1.8190.

Forming extra barrier at level 1.8325 and providing negative momentum by the main indicators makes us expect to renew the negative attempts, to target 1.8145 and 1.8080.

The expected trading range for today is between 1.8145 and 1.8325

Trend forecast: Bearish

The EURJPY pair provided several positive closes above %23.6 Fibonacci correction level at 182.05, to form a new extra support, providing a chance to recover some losses by its rally towards 183.20 as appears in the above image.

The main indicators’ contradiction might push the price to achieve extra gains, however the stability below 184.05 barrier forms a main factor for confirming the continuation of the negativity in the upcoming trading, therefore, we will keep waiting for gathering negative momentum that allows it to renew the pressure on 182.05 level, where breaking it will open the way for targeting new bearish stations that might begin at 181.55 and 181.10.

The expected trading range for today is between 182.05 and 183.65

Trend forecast: Fluctuating within the bearish track

The GBPJPY pair ended its last trading by providing positive close above 209.15 level, forcing it to delay the negative attack and begin forming bullish waves, to notice the attempt of surpassing initial extra barrier at 210.60.

Note that providing positive momentum by the main indicators will increase the efficiency of the bullish attempts in near trading, to expect targeting 211.40 level, and surpassing it will extend the trading towards 211.75, while the return to settle below 210.60 will reinforce forming bearish trading with a new chances to decline towards 209.15 again.

The expected trading range for today is between 210.00 and 211.40

Trend forecast: Bullish