The GBPUSD price shows bullish bias to test the EMA50 that forms good resistance against the price, waiting to resume the negative trades to break 1.2866$ and confirm extending the bearish correction towards 1.2735$.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.3000$ and holding above it.

The expected trading range for today is between 1.2820$ support and 1.2980$ resistance

Trend forecast: Bearish

The EURUSD price trades positively to test the key resistance 1.0775$, affected by stochastic positivity, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active for today, noting that breaking 1.0725$ will ease the mission of achieving our negative targets that start at 1.0650$ and extend to 1.0570$.

The expected trading range for today is between 1.0650$ support and 1.0800$ resistance

Trend forecast: Bearish

The CADCHF price continued to form correctional bullish waves by settling above the additional support line 0.6210 recently, to notice achieving some waited gains by reaching 0.6305.

Stochastic continuous positive momentum signals will increase the chances of achieving additional gains, to expect moving towards 0.6340 soon, followed by waiting to test the bearish channel’s resistance line around 0.6375.

The expected trading range for today is between 0.6280 and 0.6340

Trend forecast: Bullish

No news for the EURJPY pair despite its continuous consolidation within the bullish channel, affected by the contradiction of stochastic negativity to repeat the fluctuation near 165.60 without recording any new positive target.

The sideways trades might continue today until gathering the additional positive momentum to ease the mission of recording additional gains by targeting 166.40 and 167.00 levels, noting that the risks of changing the bullish trend will appear in case the price crawled below 164.30 support line, to force it to suffer big losses that might extend towards 163.55 first.

The expected trading range for today is between 165.20 and 166.40

Trend forecast: Bullish