The USDCAD pair shows some slight bullish bias on its way towards a potential test to the key resistance 1.3382, affected by stochastic positivity, and as long as the price is below this level, our bearish overview will remain active, which targets 1.3265 followed by 1.3128 levels as next main stations.

On the other hand, we should note that confirming breaching 1.3382 will lead the price to achieve gains that start at 1.3500 and extend to 1.3700 on the short term basis.

The expected trading range for today is between 1.3270 support and 1.3420 resistance.

The expected trend for today: Bearish

The USDJPY pair opens today’s trading with clear bearish bias to move below the EMA50, reinforcing the expectations of continuing the expected bearish trend on the intraday basis, which targets testing 111.50 followed by 110.86 levels mainly.

Note that breaking the last level will extend the bearish wave on the short term basis to reach 110.08 as a next target, while breaching 112.14 represents the key to return to resume the main bullish trend again.

The expected trading range for today is between 111.00 support and 112.40 resistance

The expected trend for today: Bearish

The GBPUSD pair fluctuates below 1.3000 barrier, crawling calmly towards our main waited target at 1.2962, noticing that the EMA50 continues to press negatively on the price.

Therefore, our bearish overview will remain active for the upcoming period, reminding you that breaking the targeted level will push the price towards 1.2800, while the suggested decline will remain valid conditioned by the price stability below 1.3005 and the most important below 1.3060.

The expected trading range for today is between 1.2900 support and 1.3055 resistance.

The expected trend for today: Bearish

The EURUSD pair continues to fluctuate around 1.1255 level, and trades still weak in general, which makes us continue with our neutrality until the price confirms breaching one of the next trend keys represented by 1.1180 support and 1.1255 resistance, noting that the contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality.

We remind you that breaching the above mentioned resistance will push the price to achieve intraday gains that begin at 1.1345 and extend to 1.1443, while breaking the support will press on the price to resume the main bearish track that its next main target located at 1.1100.

The expected trading range for today is between 1.1160 support and 1.1345 resistance.

The expected trend for today: Neutral