The USDCAD pair bounced upwards strongly yesterday to breach 1.2725 level, but it hit solid resistance barrier formed by the EMA50 at 1.2775, to decline again and start pressing on 1.2725 level, which encourages us to suggest the domination of the bearish bias in the upcoming sessions, waiting to head towards 1.2590 as a main negative target.

Stochastic supports the expected decline, which will remain valid unless breaching 1.2775 and holding above it.

The expected trading range for today is between 1.2650 support and 1.2775 resistance.

The expected trend for today: Bearish

The USDJPY pair managed to surpass our waited target at 115.50 and settles above it now, which supports the extension of the bullish wave on the intraday and short term basis, opening the way to visit 116.50 as a next station.

The EMA50 continues to support the price from below, reinforcing the expectations of continuing the bullish trend, noting that holding above 115.00 is important to achieve the waited targets.

The expected trading range for today is between 115.20 support and 116.50 resistance

The expected trend for today: Bullish

The GBPUSD pair broke 1.3485 level strongly yesterday, to provide intraday negative trades, and we expect to test 1.3410 before turning back to rise again.

Therefore, the bearish bias will be expected for today, noting that the expected decline is temporary, waiting to resume the correctional bullish wave that its next target located at 1.3565, taking into consideration that breaking 1.3410 will press on the price to achieve more decline and head to return to the main bearish track again.

The expected trading range for today is between 1.3400 support and 1.3550 resistance.

The expected trend for today: Bearish temporarily

The EURUSD pair ended yesterday below 1.1300 barrier, to head towards achieving more expected decline in the upcoming sessions, and it needs to surpass 1.1280 to reinforce the chances of rallying towards our main waited negative target at 1.1150.

Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1.1310 followed by 1.1375 levels will stop the negative overview and lead the price to turn to rise.

The expected trading range for today is between 1.1220 support and 1.1380 resistance.

The expected trend for today: Bearish