The EURUSD pair kept declining during its latest intraday trading, approaching 1.1330 support, which represents our last expected target, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside minor bearish trend that indicates the strength of this path, the price is under continued negative pressure due to its trading below EMA50, despite the stability of the relative strength indicators in the oversold levels, showing the dominance of the sellers.

The AUDCAD confirmed its surrender to the bearish correction bias by providing several negative closes below 0.9990, affected by stochastic exit from the overbought level, forming some bearish corrective waves, to settle near 0.9825.

Froming extra barrier at 0.9890 level and providing negative momentum makes us keep the bearish corrective scenario, to expect targeting 0.9790 level, to attack the support near 0.9730 which represents a confirmation key for the suggested trend in the upcoming trading.

The expected trading range for today is between 0.9790 and 0.9870

Trend forecast: Bearish

The EURJPY pair announced its surrender to the bearish trend dominance by reaching below the sideways trend’s support at 214.20 level, forming some bearish waves and reaching 183.50 level.

The continuation of providing negative momentum by the main indicators will increase the chances of resuming the negative attempts, to expect targeting 182.85 level, reaching the next support at 182.30, while the attempt of regaining the bullish trend requires forming a strong bullish rally, to settle above 185.50 level.

The expected trading range for today is between 182.85 and 184.20

Trend forecast: Bearish

The GBPJPY pair surrendered to the stability of the barrier at 214.50, to begin forming bearish trading by its stability below 213.50 level, announcing the continuation of the previously suggested bearish scenario.

The price needs an extra negative momentum, which allows it to provide a new negative close below 213.50 level, reinforcing the chances of resuming the bearish trend by reaching 212.45 reaching the initial main target at 211.80.

The expected trading range for today is between 211.80 and 213.70

Trend forecast: Bearish