The USDCAD pair continues to fluctuate around 1.2480 level and attempts to break it, falling under continuous negative pressure coming by the EMA50, to keep our bearish overview that depends on the price stability below 1.2590 level, reminding you that our next main target extends to 1.2365.

The expected trading range for today is between 1.2430 support and 1.2550 resistance.

The expected trend for today: Bearish

The USDJPY pair opens today’s trading with clear positivity to breach the correctional bearish channel’s resistance and reach 122.62 level now, which hints heading to resume the main bullish trend, and it needs to breach the mentioned level to confirm opening the way to achieve more gains that start at 123.40 and extend to 125.00.

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that failing to achieve the required breach will press on the price to decline again and visit 121.10 initially.

The expected trading range for today is between 122.00 support and 123.20 resistance

The expected trend for today: Bullish

The GBPUSD pair keeps fluctuating around the key resistance 1.3145, keeping its stability below it until now, and the EMA50 meets this resistance to add more strength to it, to keep the bearish trend scenario active, waiting to head towards 1.3000 as a next main station.

Holding below 1.3145 is important to continue the expected decline, as breaching it will lead the price to achieve new bullish correction that its next target reaches 1.3235.

The expected trading range for today is between 1.3040 support and 1.3180 resistance.

The expected trend for today: Bearish

The EURUSD pair couldn’t manage to hold for long time above 1.1145, to trade with clear negativity and return to the bearish track again, on its way to test the bullish channel’s support line at 1.0975 as a main target.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.1145 will stop the negative scenario and lead the price to start new recovery attempts.

The expected trading range for today is between 1.0975 support and 1.1145 resistance.

The expected trend for today: Bearish