The EURUSD pair declined during its latest intraday trading, with the emergence of the negative signals from the relative strength indicators, to complete the attempts of gaining bullish momentum that might help it to recover and rise again, especially with the relative indicators reaching oversold levels, exaggeratedly compared to the price move, forming a new bullish momentum, amid the dominance of main and minor trend line that support this path. 

The GBPCAD confirmed regaining the bullish track by providing several positive closes above the bullish channel’s support at 1.8560, activating with the main indicators’ positivity and recording clear gains by reaching 1.8690.

No escape from resuming the bullish track, providing positive momentum makes us expect to begin targeting new positive stations that might begin at 1.8745 and 1.8810.

The expected trading range for today is between 1.8650 and 1.8745

Trend forecast: Bullish

The EURJPY pair was forced to provide intraday sideways trading, affected by forming extra barrier at 187.50 level against the bullish attempts, fluctuating near 187.20 level, the price needs a new bullish momentum to ease the mission of surpassing the current barrier and begin recording extra gains by its rally towards 187.75 and 188.35.

While the failure of the breach might force the price to form temporary corrective trading, to begin gathering some gains by reaching 186.55 followed by the extra support near 185.85.

The expected trading range for today is between 186.80 and 187.75

Trend forecast: Bullish

The GBPJPY pair ended the last bullish rally by reaching 215.77 level, to face %100 Fibonacci extension level, which might form an intraday obstacle against the bullish attempts, to force it form some mixed trading before resuming the bullish trend, and there is a chance for retesting 214.55 level.

While breaching the barrier and holding above it will open the way for targeting more positive stations, to reach 216.20 directly by providing positive momentum that might lead it to reach the next main target near 217.50.

The expected trading range for today is between 214.85 and 216.20

Trend forecast: Bullish