The GBPUSD pair shows negative trades to support the continuation of the expected bearish trend for today, and the double top pattern continues to press negatively on the price, waiting to target 1.3675 followed by 1.3580 levels as next main stations, while holding below 1.3820 represents key condition to achieve the waited targets.
The expected trading range for today is between 1.3690 support and 1.3860 resistance.
The expected trend for today: Bearish
The EURUSD pair resumes its negative trades to approach our waited target at 1.1700, noting that breaking this level will extend the bearish wave to reach 1.1605 as a next main station, taking into consideration that the continuation of the expected decline requires holding below 1.1780.
The expected trading range for today is between 1.1680 support and 1.1830 resistance.
The expected trend for today: Bearish
The CADJPY pair provided new positive close above the additional support 86.50, to confirm surrendering to the domination of the previously expected bullish bias, also, stochastic provides the positive momentum to ease the mission of reaching 88.20 soon, while surpassing this obstacle will extend trades towards 89.10, to form the first main target of the bullish trades.
The expected trading range for today is between 86.70 and 88.20
The expected trend for today: Bullish
Nikkei index ended its correctional bearish rebound by providing clear positive close above the bullish channel’s support line at 28180.00, confirming keeping the domination of the main bullish bias for the upcoming trading.
Note that the fluctuation of the moving average 55 near the main support and stochastic rally towards the overbought areas allow us to suggest the domination of the bullish bias, to expect surpassing 30075.00 followed by waiting to reach the next positive target at 31400.00.
The expected trading range for today is between 28650.00 and 30200.00
The expected trend for today: Bullish