The price of EURUSD declined in its last intraday trading, affected by reaching EMA50’s resistance, accompanied by testing minor bearish trend line on short-term, intensifying the negative pressure on the pair, especially with the emergence of the negative signals from relative strength indicators, after reaching overbought levels.

The EURGBP renewed the negative attempts in the last period trading, providing several negative closes below 0.8750 level, suffering several losses by reaching below the moving average 55, to settle near 0.8630.

Forming additional barrier at 0.8680 level makes us expect to begin forming extra negative momentum, which forces it to suffer extra losses by reaching 0.8595 and 0.8565.

The expected trading range for today is between 0.8595 and 0.8660

Trend forecast: Bearish

The EURJPY repeated attempts to form bullish waves due to providing positive momentum by the main indicators in the last period, to move away from the support at 182.00 and recording some gains by reaching 183.55.

We couldn’t confirm regaining the bullish bias unless breaching the barrier at 184.40 level and holding above it, therefore, we expect forming unstable mixed trading, to keep waiting for surpassing the main levels to confirm the main trend in the upcoming period.

The expected trading range for today is between 182.55 and 184.00

Trend forecast: Fluctuating within the bearish track

The GBPJPY pair confirmed the continuation of the bullish scenario by providing a new positive close above 210.60 support level, to record some gains by reaching 212.50 level.

The stability above 212.10 besides stochastic attempt to provide positive momentum, these factors will help it to activate the bullish attack, which might target 213.10 level reaching 214.10, while the return of the negative trend requires four hours negative close below 210.60.

The expected trading range for today is between 211.65 and 214.10

Trend forecast: Bullish