The USDCAD pair provided more bullish bias to approach the main bearish channel’s resistance that represents our waited target at 1.2670, moving within intraday bullish channel that supports the chances of achieving more rise in the upcoming sessions, to keep our positive overview that gets support by the EMA50.

On the other hand, we should note that breaking 1.2540 will stop the expected rise and press on the price to resume the main bearish trend again.

The expected trading range for today is between 1.2560 support and 1.2680 resistance.

The expected trend for today: Bullish

The USDJPY pair shows sideways trading since yesterday, keeping its stability below the broken support of the bullish channel, to keep the bearish trend scenario valid and active for the upcoming period, which its targets begin by testing 109.22.

We remind you that breaking the mentioned level will push the price to 108.40 as a next negative target, while the expected decline will remain valid unless the price rallied to breach 110.30 level and hold above it.

The expected trading range for today is between 109.00 support and 110.15 resistance

The expected trend for today: Bearish

The GBPUSD pair provided new negative trades yesterday to break 1.3790 and settles below it, to return to the correctional bearish channel that appears on the chart, which puts the price under more expected negative pressure on the intraday basis, on its way to visit 1.3705 followed by 1.3580 levels as main negative targets.

Moving below the EMA50 supports the expectations to decline in the upcoming sessions, while breaching 1.3780 represents positive factor that will lead the price to attempt to recover again and head towards 1.3890 as a first positive station.

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

The expected trend for today: Bearish

The EURUSD pair attempted to breach 1.1885 level but it couldn’t manage to hold above it, to settle below this level and hints heading to rebound bearishly in the upcoming sessions, making the bearish bias suggested for today, targeting testing 1.1780 level initially.

Therefore, we expect witnessing negative trades today, taking into consideration that breaching 1.1885 and holding above it will stop the suggested negative scenario and lead the price to achieve more gains on the intraday and short term basis.

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

The expected trend for today: Bearish