The USDCAD pair broke 1.2725 level strongly to head towards achieving more expected decline in the upcoming sessions, and the way is open to visit 1.2590 as a next negative target.

Therefore, the bearish bias will be suggested on the intraday basis, taking into consideration that breaching 1.2725 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2600 support and 1.2730 resistance.

The expected trend for today: Bearish

The USDJPY pair continues to rise to approach our waited target at 115.50, supported by stochastic and the EMA50 positivity, and we expect to surpass the mentioned level to open the way to head towards 116.50 as a next positive target.

In general, we expect the continuation of the bullish trend domination in the upcoming period unless breaking 114.00 and holding below it.

The expected trading range for today is between 114.80 support and 116.00 resistance

The expected trend for today: Bullish

The GBPUSD pair continues the bullish rally to approach our extended target at 1.3565, testing the support base formed above 1.3485 after breaching it previously, waiting to resume the bullish wave in the upcoming sessions.

Therefore, we will continue to suggest the bullish trend on the intraday basis, and breaching 1.3565 will push the price to 1.3660 as a next positive target, while breaking 1.3485 will stop the expected bullish bias and press on the price to test 1.3410 initially.

The expected trading range for today is between 1.3410 support and 1.3575 resistance.

The expected trend for today: Bullish

The EURUSD pair provided mixed trades in the previous sessions to test 1.1375 resistance line, but it begins to day with clear decline to head towards the support line that rises now to 1.1305, to keep the price confined between these levels, and we still waiting to surpass one of them to detect the next destination clearly.

The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, noting that the continuation of the decline and breaking the mentioned support will push the price to resume the main bearish trend that its next target located at 1.1150, while breaching the resistance represents the key to start correctional bullish wave that targets testing 1.1500 followed by 1.1560 levels as main stations.

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

The expected trend for today: Depends on the above mentioned levels