The USDCAD pair settled below 1.2365 level, to fall under expected negative pressure in the upcoming sessions, on its way to visit 1.2230 as a main negative station.
The EMA50 forms negative pressure against the price to support the expectations to decline, which will remain valid unless breaching 1.2365 and holding above it.
The expected trading range for today is between 1.2270 support and 1.2400 resistance.
The expected trend for today: Bearish
The USDJPY pair finds solid support at 113.40, as it continues to fluctuate around it, noting that the EMA50 keeps pressing negatively on the price, waiting to confirm breaking the mentioned level to open the way to rally towards our next negative target that reaches 112.56.
Therefore, we will keep our bearish overview that depends on the formation of the double top pattern, noting that the continuation of the bearish wave requires holding below 114.05.
The expected trading range for today is between 112.80 support and 114.00 resistance
The expected trend for today: Bearish
The GBPUSD pair succeeded to touch our first waited target at 1.3750 and attempts to breach it, to support the continuation of the bullish trend domination on the intraday and short term basis, reminding you that the next target extends to 1.3910.
Moving above the EMA50 supports the expected rise, noting that failing to achieve the required breach will push the price to test 1.3720 areas again before any new attempt to rise.
The expected trading range for today is between 1.3720 support and 1.3890 resistance.
The expected trend for today: Bullish
The EURUSD pair’s rally stopped at the main bearish channel’s resistance that appears on the chart, accompanied by witnessing negative signals through stochastic, which hints heading to resume the main bearish trend, and according to the trading rules inside the channels, the price is on its way to start bearish wave that targets 1.1615 followed by 1.1525 as initial stations.
Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 1.1690 will stop the negative scenario and lead the price to achieve more bullish correction on the intraday basis.
The expected trading range for today is between 1.1590 support and 1.1740 resistance.
The expected trend for today: Bearish