The USDCAD pair succeeded to break 1.2960 and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently on the intraday and short term basis, paving the way to head towards our next main target that extends to 1.2785.

The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2960 and the most important below 1.3050.

The expected trading range for today is between 1.2850 support and 1.3000 resistance.

The expected trend for today: Bearish

The USDJPY pair settles around the resistance line that appears on the chart that declines now to 104.40, waiting to resume the negative trades and head towards 103.65 that represents our first negative target, which breaking it represents the key to head towards 103.00 as a next station.

In general, we will continue to suggest the bearish trend conditioned by the price stability below 104.40, as breaching this level represents the key to rally to test 105.20 before any new attempt to decline.

The expected trading range for today is between 103.65 support and 105.00 resistance

The expected trend for today: Bearish

The GBPUSD pair managed to breach 1.3400 level and hold with a daily close above it, which supports the continuation of our bullish overview efficiently in the upcoming sessions, waiting to visit 1.3482 that represents our next main target, noting that breaching this level will extend the bullish wave to reach 1.3617 as a next positive target.

Therefore, the bullish trend will remain valid and suggested on the intraday and short term basis, noting that the continuation of the bullish wave requires holding above 1.3315.

The expected trading range for today is between 1.3350 support and 1.3520 resistance.

The expected trend for today: Bullish

The EURUSD pair shows more bullish rally to reach the thresholds of 1.2100 barrier, which supports the continuation of the bullish trend scenario on the short term and medium term basis, and the way is open to achieve our next waited target at 1.2150, waiting for more rise in the upcoming sessions.

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 1.2011 level and holding below it.

The expected trading range for today is between 1.2000 support and 1.2180 resistance.

The expected trend for today: Bullish