The EURUSD pair resumes its positive trading after testing 1.1270 level this morning, motivated by the positive signal provided by stochastic, waiting for more rise for the rest of the day to visit 1.1420 that represents our next main target, reminding you that it is important to hold above 1.1270 to continue the suggested bullish wave.

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

The expected trend for today: Bullish

The EURCAD pair kept it stability within the minor bullish channel to notice moving away from 1.5264 support line and starting to form bullish waves by reaching 1.5353, while stochastic provides the positive momentum to allow us to suggest more bullish attempts to target 1.5390 level, noting that surpassing this level might extend trades towards 1.5530 in the upcoming period.

The expected trading range for today is between 1.5295 and 1.5380

The expected trend for today: Bullish

The EURJPY pair surrendered to stochastic negativity yesterday, to notice crawling below the minor bullish channel’s support line at 121.20 and suffers many losses by reaching 120.28.

The frequent negative fluctuation below the broken support that forms the major resistance against the negative fluctuation allows us to suggest more decline to target 119.95 followed by reaching 50% Fibonacci correction level at 119.42.

The expected trading range for today is between 121.00 and 119.42

The expected trend for today: Bearish

The GBPJPY pair lost its positive momentum yesterday, which pushed the price to decline from 135.90 level and settles below the moving average 55, led by the price attempt to gather the additional positive momentum to expect testing 133.70 level followed by starting to renew the bullish attempts and target 135.20 level initially, followed by attempting to press on 136.65 barrier.

The risks of changing the bullish track will appear in case the price crawled below the bullish channel’s support line, located now at 133.15, to force it to suffer many losses by declining towards 132.30 and 129.90 levels.

The expected trading range for today is between 133.80 and 135.20

The expected trend for today: Bullish