The EURUSD price faces negative pressure now to test the key support 1.1100$, which urges caution from the upcoming trading, as continuing the decline and breaking this level will stop the expected bullish trend for today and push the price to achieve bearish correction on the intraday basis.

Stochastic shows positive signals that support the chances of resuming the bullish wave that its first target located at 1.1200$.

The expected trading range for today is between 1.1080$ support and 1.1220$ resistance.

Trend forecast: Overall bullish

The GBPCHF price depended on the stability of 1.1230 support line to manage to renew the positive action and notice surpassing 61.8% Fibonacci correction level at 1.1290 and recording some additional gains by reaching 1.1325.

Note that the consolidation of the MA55 below the current trades and stochastic attempt to provide the positive momentum support the continuation of the positivity, to expect attacking 1.1375 level soon, while surpassing it might extend trades towards 1.1420 to form the next main target for the bullish trades.

The expected trading range for today is between 1.1290 and 1.1375

Trend forecast: Bullish

The EURJPY pair formed correctional bullish rebound yesterday after facing the additional support at 158.10, attempting to cover some losses by rallying towards 160.75, reminding you that getting negative closings below 161.60 barrier and the negative momentum coming by the major indicators allow us to keep the negative overview that might target 159.30 followed by attempting to press on the mentioned additional support.

On the other hand, succeeding to surpass 161.60 barrier and providing positive closings will confirm its preparation to activate the bullish track and target many positive stations that start at 162.75.

The expected trading range for today is between 159.20 and 161.25

Trend forecast: Bearish

The GBPJPY pair succeeded to hold above 189.10 support line yesterday, forming new bullish rally to hit the MA55 near 193.05, noting that the negative factor represented by the frequent stability below 50% Fibonacci correction level at 194.20 and stochastic continuous negative momentum signals allow us to keep the negative overview that might target 191.70 and 190.80 levels.

Note that breaching 194.20 and settling above it will cancel the bearish overview, to provide the chance to start building new bullish track and expect targeting positive stations gradually, starting at 194.90 and 196.30.

The expected trading range for today is between 191.70 and 193.30

Trend forecast: Bearish