The USDCAD pair approached our first waited target at 1.2795, getting continuous support by the EMA50 to reinforce the chances of continuing the rise on the intraday and short term basis, reminding you that our next target reaches 1.2950.

Therefore, the bullish trend scenario will remain valid and active unless breaking 1.2725 – 1.2705 levels and holding below them.

The expected trading range for today is between 1.2695 support and 1.2810 resistance.

The expected trend for today: Bullish

The USDJPY pair provided positive trades yesterday and moved away from the key support 114.65, but it faced solid resistance barrier formed by the EMA50 at 115.10, to face contradiction between the technical factors that makes us continue neutral until the price confirms breaching one of the mentioned level followed by detecting its next destination clearly.

Breaching the mentioned resistance will push the price to achieve additional gains that reach 116.35, while breaking the support will put the price under the correctional bearish pressure that its next target located at 113.60.

The expected trading range for today is between 114.40 support and 115.70 resistance

The expected trend for today: Neutral

The GBPUSD pair traded with clear negativity yesterday to approach our waited target at 1.3525, but it bounced bullishly to move around 1.3600, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the negative trades and head towards the mentioned target again.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3610.

The expected trading range for today is between 1.3500 support and 1.3650 resistance.

The expected trend for today: Bearish

The EURUSD pair trades with slight negativity, moving near 1.1300 barrier, to keep the bearish trend scenario active for the upcoming period, which targets 1.1240 followed by 1.1150 levels as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 1.1375, as breaching it will lead the price to recover and visit 1.1560 initially.

The expected trading range for today is between 1.1240 support and 1.1375 resistance.

The expected trend for today: Bearish