The EURUSD pair rose in its recent intraday trading, affected by forming positive divergence on the relative strength indicators, with the emergence of the positive signals from them, attacking the initial resistance level at 1.1690, despite these strong gains, it remains moving within bearish corrective channel’s range that limits its previous trading on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which forms a pressure that limits its gains in the upcoming period.

The GBPCAD surrendered to the bearish corrective bias dominance by providing several negative closes below the broken bullish channel’s support at 1.8590, suffering some losses by its stability near 1.8425.

Facing negative pressures will push it to form new bearish waves, to expect reaching 1.8325, where breaking the barrier might extend the losses directly towards 1.8270 and 1.8210 directly.

The expected trading range for today is between 1.8270 and 1.8470

Trend forecast: Bearish

The EURJPY pair took advantage from forming strong extra support at 186.00 level, forming bullish waves since yesterday, to record clear gains by reaching 187.40.

The continuation of providing positive momentum by the main indicators will help it to resume the bullish trend. Surpassing the barrier at 187.75 and holding above it makes us expect reaching new positive stations that might begin at 188.30 and 188.80.

The expected trading range for today is between 186.90 and 188.30

Trend forecast: Bullish

The GBPJPY pair confirmed breaching 215.70, activating with the positivity of the main indicators and recording clear gains by their approach from the main initial target at 216.40.

No escape from resuming the bullish trend, to expect recording extra gains by its rally towards 217.20, which forms an extension for a key resistance as appears in the above image, note that the risk of changing the trend is represented by breaking the minor bullish channel’s support at 215.30.

The expected trading range for today is between 215.60 and 217.20

Trend forecast: Bullish