The price of (EURUSD) soared high in its last intraday trading, to breach the critical resistance level at 1.1785, which represents our previous suggested target, supported by its continued trading above EMA50, and under the dominance of the bullish trend and its trading alongside bias line on the short-term basis, besides the emergence of the negative overlapping signals on the relative strength indicators, which might decrease the upcoming gains.

The EURNZD ended the last correctional decline by facing 2.00% Fibonacci extension level, which formed extra support at 1.9620, forming bullish waves and holding near1.9750.

Note that providing positive momentum by the main indicators will increase the chances of surpassing 1.9790 obstacle, to confirm its readiness to record extra gains by its rally to 1.9855 and 1.9925.

The expected trading range for today is between 1.9680 and 1.9855

Trend forecast: Bullish

The EURJPY pair remains stable until this moment below the barrier at 173.50, to increase the chances for activating the bearish correctional track, to gather some gains before reaching any new positive target.

We expect reaching 172.35, then attempts to press on the extra support at 171.35, while facing new positive pressure and breaching the barrier will open the way for recording new gains, to expect its rally initially to 174.25 reaching the next positive target at 175.20.

The expected trading range for today is between 171.60 and 173.50

Trend forecast: Bearish

The GBPJPY pair attempted to record some extra gains by hitting 200.75 level, to return to settle below 200.40 barrier, to obstacle the chances for resuming the bullish attack.

Therefore, we will keep the bearish correctional scenario, gathering the negative momentum makes us expect declining towards 198.60 directly, then attempts to press on the support near 197.80, while the price success in confirming breaching the barrier will allow it to renew the bullish attempts, to expect its rally towards 201.55, forming the next positive target of the bullish scenario.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish