The USDCAD pair surpassed 1.2365 level and settled above it, and by taking a deeper look at the chart, we find that the price forms bullish pattern that we expect to push the price to achieve intraday gains in the upcoming sessions.

Therefore, the bullish trend will be suggested for today unless breaking 1.2365 and holding below it again, noting that the main expected target is located at 1.2475.

The expected trading range for today is between 1.2320 support and 1.2450 resistance.

The expected trend for today: Bullish

The USDJPY pair shows calm positive trades and moves with the bullish channel’s support line that appears on the chart, to keep the bullish trend scenario valid and active for the upcoming period, which targets testing 114.70 initially.

Breaching the mentioned level will extend the bullish wave to reach 116.00 areas, while holding above 113.40 represents key condition to continue the expected rise.

The expected trading range for today is between 113.40 support and 114.60 resistance

The expected trend for today: Bullish

The GBPUSD pair continues to fluctuate at the bullish channel’s support line, getting continuous support by the EMA50, while stochastic shows positive signals now.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its targets begin by breaching 1.3795 to confirm rallying towards 1.3910, reminding you that holding above 1.3720 is important to achieve the suggested targets.

The expected trading range for today is between 1.3700 support and 1.3860 resistance.

The expected trend for today: Bullish

The EURUSD pair faced strong negative pressure yesterday to break 1.1615 and close the daily candlestick below it, which stops the recently suggested positive scenario and leads the price to resume the main bearish trend, on its way to achieve negative targets that start by testing the recently recorded low at 1.1525.

Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.1615 and hold above it again.

The expected trading range for today is between 1.1525 support and 1.1650 resistance.

The expected trend for today: Bearish