The GBPUSD pair keeps its stability below the correctional bearish channel’s resistance, to keep the bearish trend valid and active for today, supported by moving below the EMA50, waiting to visit 1.3705 followed by 1.3580 mainly, taking into consideration that the continuation of the expected decline depends on the price stability below 1.3890.

The expected trading range for today is between 1.3660 support and 1.3840 resistance.

The expected trend for today: Bearish

The EURUSD pair returned to test 1.1885 level and keeps its stability below it until now, to keep the bearish trend scenario valid and active for today, waiting to get negative motive that assist to push the price to head towards our waited targets that start by testing 1.1780.

The expected trading range for today is between 1.1780 support and 1.1950 resistance.

The expected trend for today: Bearish

The CADJPY pair declined due to some negative pressures, to notice testing the support at 86.85, while the frequent stability above this support allows us to wait to gather the positive momentum to manage to start renewing the bullish trades to target 87.65 followed by reaching 89.08 that forms the main target.

The expected trading range for today is between 86.85 and 87.65

The expected trend for today: Bullish

The Australian index started to react to the frequent positive factors represented by the main stability within the bullish channel, besides getting positive momentum by the major indicators.

These factors interpret the reasons of moving away from the main support at 6805.00 and the beginning of recording the positive targets by touching 7011.00, to expect forming new bullish attack and target 7205.00 high, while surpassing it might extend trades towards 9380.00 followed by reaching the main target at 7508.00.

The expected trading range for today is between 6900.00 and 7010.00

The expected trend for today: Bullish