The EURUSD pair shows some bearish bias to head towards potential test to the key support 1.1175, which represents one of the next trend keys besides 1.1270 resistance, as the price still stuck between these levels, waiting to breach one of them to detect its next destination clearly.
The contradiction between stochastic positivity and the EMA50 negativity still valid, noting that the expected targets after the breach explained in our morning report.
The expected trading range for today is between 1.1140 support and 1.1340 resistance.
The expected trend for today: Depends on the above mentioned levels
The GBPAUD pair continued to form negative trades, to move away from 1.8220 resistance and notice recording the negative targets by reaching 1.7872, while stochastic keeps providing the negative momentum by fluctuating within the oversold areas to support the continuation of the negativity, allowing us to suggest moving towards 1.7742 level followed by pressing on 1.7565 support.
The expected trading range for today is between 1.7980 and 1.7745
The expected trend for today: Bearish
The EURJPY pair faces new positive pressures yesterday to rally above the additional barrier at 120.10, hinting its surrender to the temporary correctional bullish bias, thus, we will suggest the bullish bias depending on 120.10 level forming new support to manage to test the main bearish channel’s resistance at 121.80.
On the other hand, crawling below 120.10 again and holding below it will confirm regaining the main bearish bias, to expect forming strong negative attack and increase the chances of breaking 119.10 support.
The expected trading range for today is between 120.40 and 121.80
The expected trend for today: Bullish
The GBPJPY pair repeated the negative closings by consolidating near 132.50 level, to keep the bearish scenario based on the stability of 133.70 resistance, while stochastic attempt to provide the negative momentum will increase the chances of gathering the additional negative momentum to manage to record the targets at 131.30 and 130.65.
Note that attempting to breach 133.70 barrier will postpone the negative attack and start the correctional bullish rebound to target 134.55 followed by 136.05 levels before recording any new negative target.
The expected trading range for today is between 133.00 and 131.30
The expected trend for today: Bearish