The price of (EURUSD) settled on a rise in its recent intraday levels, attempting to recover some of its previous losses, and attempt to recover some of its previous losses, and offloading its clear overbought conditions on the (RSI), amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, forming a dynamic support that prevents the price’s recovery on the near-term basis.

The GBPCHF price confirmed its surrender to the supported bearish scenario by its stability within the bearish channel’s levels, providing several closes below 23.6%Fibonacci correction level at 1.0865, and forming several bearish waves to settle near 1.0785.

Forming extra barrier at 1.0825 level to increase the efficiency of the bearish track, to expect targeting new bearish stations that might begin at 1.0755 and 1.0720.

The expected trading range for today is between 1.0810 and 1.0720

Trend forecast: Bearish

The EURJPY pair remains stable until this moment below the resistance of the bullish channel at 172.05, announcing the attempt of activating the bearish correctional track and beginning to gather the gains before resuming the main bullish attack. Stochastic exit from the overbought level will increase the chances of reaching 170.50, to attempt to test the extra support near 169.75.

While the price success to breach the resistance and hold above it, will open the way towards resuming the bullish attack, to expect recording extra gains that might extend in the initial period to 172.85 reaching 161.8%Fibonacci extended level at 173.45.

The expected trading range for today is between 175.50 and 172.10 

Trend forecast: Bearish

The GBPJPY pair began forming bullish wave achieving 199.45 level, but the contradiction of the main indicators and forming an extra barrier might reduce the chances of resuming the bullish attack in the current period.

The stability of the price below the extra barrier, we will begin preferring the bearish correctional trading, which might target 198.20 level reaching 61.8%Fibonacci correction level near 197.45, forming an important support against the upcoming trading, while its success to breach the barrier and holding above it will increase the chances for achieving extra gains that might begin at 200.35 reaching 201.55.

The expected trading range for today is between 198.20 and 199.45

Trend forecast: Bearish