The price of (EURUSD) surged higher in its last intraday trading, with the emergence of positive overlapping signals on the relative strength indicators, attacking minor bearish trend line on the short-term basis, and the negative pressure of the EMA50 remains forming an obstacle against the price attempts to recover in the upcoming period.

The GBPAUD formed bullish corrective trading recently, to settle near the barrier at 2.0320, to form weak sideways trading, the suggested scenario depends on the near and medium trading on the strength of this barrier, to begin forming negative trading to target 2.0195 and 2.0100 level.

While the price rally above the barrier and providing daily close above it will confirm its readiness to activate the bullish track again, to attempt to achieve several gains by targeting 2.0430 level reaching 23.6%Fibonacci correction level at 2.0520.

The expected trading range for today is between 2.0195 and 2.0320

Trend forecast: Bearish

The EURJPY pair provide new positive close below 181.75 level, increasing the chances of activating the bearish corrective scenario to gather the recently achieved gains, stochastic’ reaching below 50 level will increase the negative pressure on today’s trading, to keep our expectations for targeting 179.30 level and breaking it will extend the trading towards 178.60, forming the main target in the current trading.

While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish attack, recording extra gains by its rally towards 182.30 and 183.05 initially.

The expected trading range for today is between 179.30 and 181.10

Trend forecast: Bearish

The GBPJPY pair provided mixed trading yesterday, affected by the contradiction between the main indicators, which might cause activating the bearish corrective track, so the stability below 206.90 forms main factor to confirm the negative suggestion in the near-term trading, therefore, we will keep waiting for its activation with stochastic negativity, to begin targeting corrective stations that might begin at 203.75.

Note that the price attempt to rally above 206.00 may delay the corrective trading in the current period, paving the way for retesting the mentioned barrier before reaching the suggested corrective targets.

The expected trading range for today is between 203.75 and 206.00

Trend forecast: Bearish