The EURUSD pair fluctuated in its last intraday trading, with the emergence of the positive signals from the relative strength indicators after reaching oversold levels, in attempt to offload this oversold levels, and the price is under negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis.

The EURGBP activated the bullish corrective trend after reaching 0.8455 level, attempting to recover some losses by targeting 0.8538 level, forcing it to form some sideways trading by its fluctuation near 0.8520.

Note that the contradiction of the main indicators besides forming a key barrier at 0.8553 level against the current trading supports the chances of renewing the negative attempts, to expect reaching 0.8495, then attempting to renew the pressure on 0.8455 barrier to find an exit for resuming the bearish trend in the upcoming period trading.

The expected trading range for today is between 0.8495 and 0.8548

Trend forecast: Fluctuating

The EURJPY pair benefited from the repeated positive pressures that comes from the positive momentum that comes from the main indicators by forming strong support at 184.20 level against the last sideways trading, to activate the bullish trend by surpassing 186.00 level.

Providing positive close above 186.00 level is required for confirming its readiness to resume the bullish trend, to reach 186.65 level, attempting to reach the next main target at 187.40.

The expected trading range for today is between 185.75 and 186.60

Trend forecast: Bullish

The GBPJPY pair ended the bearish corrective rebound by targeting extra support level at 217.50, forming new bullish waves to settle near 218.35 level.

Note that the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the barrier of 218.60 during the current trading, confirming its stability within the minor bullish channel’s levels, to begin recording extra gains by its rally to 219.40 reaching the psychological barrier at 220.00.

The expected trading range for today is between 217.85 and 220.00

Trend forecast: Bullish