The EURUSD price fluctuates at the neckline of the head and shoulders’ pattern, waiting to break this level to confirm rallying towards 1.0325$ followed by 1.0220$ levels that represent our next negative targets.

The EMA50 presses negatively on the price to support the expectations to decline, which will remain valid unless breaching 1.0455$ level.

The expected trading range for today is between 1.0300$ support and 1.0455$ resistance

Trend forecast: Bearish

The EURGBP price formed some correctional negative waves recently, achieving the target mentioned in our previous report by reaching 0.8355 to test the major support line that appears on the chart.

Now, stochastic exit from the oversold areas will motivate the price to form bullish waves to expect targeting 0.8400 followed by 0.8435 levels soon, while breaking the current support will confirm postponing the positivity to force the price to suffer additional losses by crawling towards 0.8345 before any attempt to achieve the previously mentioned gains.

The expected trading range for today is between 0.8350 and 0.8400

Trend forecast: Bullish

The EURJPY pair formed many negative waves yesterday, attacking the additional support at 160.20 mentioned in our previous report.

Despite the current fluctuation above the additional support, the major indicators provide the negative momentum to allow us to wait to break 160.00 followed by targeting some negative stations by moving towards 159.40 and 158.10.

The expected trading range for today is between 159.40 and 161.10

Trend forecast: Bearish

The GBPJPY pair faced strong negative pressures yesterday to notice crawling below 191.90 level and suffering some losses by touching 191.15 level, while the current positive rebound won’t allow the price to regain the bullish track due to the MA55 consolidation near 50% Fibonacci correction level at 194.10, to confirm confining trades within the negative track for the near-term trades.

Also, stochastic crawl below 50 level will increase the negative pressures to expect suffering additional losses by crawling towards 190.60 followed by reaching the next support at 189.50.

The expected trading range for today is between 190.60 and 192.60

Trend forecast: Bearish