The EURUSD price fluctuates around 1.0800$ barrier, affected by stochastic negativity to show some bearish bias, waiting to gather positive momentum that assist to push the price to resume the positive trades and breach 1.0830$ to open the way to rally towards 1.0975$.

The GBPCHF price formed strong bullish rally yesterday, taking advantage of the frequent consolidation within the minor bullish channel, to notice surpassing 1.1420 barrier and approaching 1.1510 resistance line.

Note that stochastic crawl towards the overbought areas will reinforce the chances of gathering the additional positive momentum to ease the mission of breaching the current resistance and start targeting new positive stations, starting as a 1.1545 level.

The expected trading range for today is between 1.1450 and 1.1545

Trend forecast: Bullish

The EURJPY pair continued to form the bullish rally by surpassing 160.00 level yesterday, to confirm its surrender to the previously suggested bullish scenario and notice its consolidation above the MA55 and achieve new gains by touching 161.28 level.

We will depend on 160.00 level forming additional support line, assuring the importance of gaining the additional positive momentum to reinforce the efficiency of the bullish track by targeting 161.65 level soon, while surpassing it might extend trades towards 162.65 resistance line.

The expected trading range for today is between 160.00 and 161.65

Trend forecast: Bullish

The GBPJPY pair confirmed moving to the bullish track by settling above 190.30 support line frequently, to notice forming new bullish waves and touching the first additional target at 192.55.

Stochastic reach to the overbought areas might force the price to form some sideways trades, waiting to gather the required additional positive momentum to reach 50% Fibonacci correction level at 193.25.

The expected trading range for today is between 191.40 and 193.25

Trend forecast: Bullish