The USDCAD pair traded positively to breach 1.2688 level and settles above it, providing signals for the price’s recovery attempt in the upcoming sessions, but we notice that the price still below the bearish channel’s resistance at 1.2745, accompanied with the issuance of a clear overbought signals.

Therefore, the contradiction between the technical factors makes us prefer staying aside until the price confirmed breaching one of the above mentioned levels, then detecting its next trend clearly, pointing that the continuation of the upside track and breaching 1.2745 will lead the price to achieve more of the upside moves and visits 1.2854 level as a next positive target, while breaking 1.2688 represents the return key for the bearish trend that targets 1.2475 level as a next main station. 

The expected trading range for today is between 1.2640 support and 1.2800 resistance.

The expected trend for today: Neutral

The USDJPY pair provided extra positive trading to hit the most important resistance at 103.95, noticing that the price keeps its stability below this level until now, while stochastic lost its positive momentum to enter the overbought levels, which supports the chances for bouncing lower to resume the main bearish trend that depends on the stability below the mentioned resistance.

Note that breaking 103.65 is required for reinforcing the expectations for moving lower towards our next main negative target at 102.50.

The expected trading range for today is between 103.00 support and 104.40 resistance

The expected trend for today: Bearish

The GBPUSD pair continued the decline to test the critical support at 1.3645, noticing that the price bounced higher from there, supported by stochastic positivity, waiting for more of the upside moves to surpass 1.3700 barrier, and opens the way towards 1.3815 that represents our next station.

Therefore, we will keep preferring the bullish trend in the upcoming period, conditioned by holding above 1.3645 and the most important above 1.3580.

The expected trading range for today is between 1.3600 support and 1.3780 resistance.

The expected trend for today: Bullish

The EURUSD pair completed forming a double bottom pattern that its lines appear in the above image, noticing that stochastic gains the positive momentum gradually, waiting for motivating the price to continue the upside move, keeping the bullish trend scenario valid and active in the upcoming period, supported by the EMA50.

Our next main target reaches to 1.2300, reminding you that holding above 1.2145 is important for the continuation of the expected rise.

The expected trading range for today is between 1.2100 support and 1.2270 resistance.

The expected trend for today: Bullish