The USDCAD pair traded with clear negativity in the previous sessions to break 1.2780 level and settles below it, to notice that the price completed forming triple top pattern that has negative targets that reach 1.2635 and 1.2590 levels.

Therefore, the bearish trend will be expected for today, taking into consideration that breaching 1.2780 and holding above it again will push the price to achieve new gains that target 1.2895 level mainly.

The expected trading range for today is between 1.2780 support and 1.2820 resistance.

The expected trend for today: Bearish

The USDJPY pair keeps its stability above 105.20 level, getting continuous positive support by the EMA50, noticing that stochastic reaches the oversold areas now.

Therefore, we believe that the chances valid to resume the intraday bullish trend, which targets 106.00 followed by 106.44 levels mainly, while achieving them requires holding above 105.20.

The expected trading range for today is between 104.90 support and 106.30 resistance

The expected trend for today: Bullish

The GBPUSD pair ended last Friday’s trading above the bullish channel’s support line that appears on the chart, which stops the recently suggested negative scenario and leads the price to resume the main bullish trend, on its way to achieve positive targets that start at 1.3815.

Therefore, the bullish bias will be expected for today supported by moving above the EMA50, noting that the continuation of the bullish wave requires holding above 1.3685.

The expected trading range for today is between 1.3670 support and 1.3830 resistance.

The expected trend for today: Bullish

The EURUSD pair’s rally stopped at the EMA50 that formed good resistance against the price, to keep the price below 1.2064, keeping its stability inside the bearish channel, to keep the chances valid to resume the correctional bearish track, supported by stochastic negativity.

Therefore, we expect witnessing negative trades in the upcoming sessions unless the price rallied again to breach 1.2064 followed by 1.2095 levels and hold above them, noting that our waited targets begin at 1.1976 and extend to 1.1888 after breaking the previous level.

The expected trading range for today is between 1.1950 support and 1.2100 resistance.

The expected trend for today: Bearish