The price of (EURUSD) surged higher in its last intraday trading, breaching the key resistance at 1.1595, supported by its trading alongside bullish corrective trend on the short-term basis, with its continued trading above EMA50, reinforcing the chances of targeting new resistance on the near-term basis, this rise comes despite the emergence of negative signals on the relative strength indicators, indicating the dominance of the buying powers on the track.

The GBPAUD confirmed its surrender to the dominance of the bearish trend, to settle below the barrier at 2.0320 and form new bearish waves by reaching 2.000.

Note that the continuation of providing negative momentum by the main indicators, and attempt to form an extra barrier at 2.0140 level in the current trading, which will increase the chances of resuming the negative attack to reach 1.9910 then attack the extra support at 1.9860.

The expected trading range for today is between 2.0100 and 1.9910

Trend forecast: Bearish

The EURJPY pair continued forming strong positive trading, approaching the previously suggested initial main target at 179.70 level, noting that the continuation of providing bullish momentum by the main indicators will increase the chances of surpassing the current period trading to 179.70 level, to open the way of recording extra gains, forming extra main target at 180.60 level in the positive trading.

While the price failure to surpass 179.70 level might force it to provide mixed trading, and there is a chance of activating the attempts of gathering gains, forming some corrective trading to target 178.65 level reaching the support near 178.00.

The expected trading range for today is between 178.80 and 180.00

Trend forecast: Bullish

The GBPJPY pair didn’t record any new positive target since yesterday, affected by stochastic attempt to exit the overbought level, forming sideways trading to keep its fluctuation near 203.10 level.

Reminding you that the stability above the support level at 201.70 forms a main factor to confirm the bullish scenario, which makes us wait to gather bullish momentum, motivating the pressure on the barrier at 203.95 to find an exit for resuming the bullish attack in the near period and recording extra gains that might begin at 204.65 and 205.25.

The expected trading range for today is between 202.50 and 204.65

Trend forecast: Bullish