The USDCAD pair provided additional positive trades to move above 1.2500 level, to support the expectations of continuing the intraday bullish trend, which its next target located at 1.2575, noting that surpassing this level will extend the bullish wave to reach 1.2730 on the near term basis.

On the other hand, we should note that breaking 1.2430 will stop the expected rise and press on the price to resume the main bearish trend again.

The expected trading range for today is between 1.2450 support and 1.2580 resistance.

The expected trend for today: Bullish

The USDJPY pair shows calm negative trades to start pressing on 108.65 level, which support the continuation of the expected bearish trend scenario for the upcoming period, which targets visiting 107.70 level mainly.

Holding below 109.22 is important to continue the expected decline, as breaching it will lead the price to resume the bullish wave and achieve new gains that reach 110.30.

The expected trading range for today is between 108.00 support and 109.20 resistance

The expected trend for today: Bearish

The GBPUSD pair broke 1.3910 level strongly to face negative pressure that targets testing the main bullish channel’s support line at 1.3765, which makes us suggest witnessing more decline in the upcoming sessions, supported by moving below the EMA50.

We should note that breaking the targeted level will push the price for bearish correction on the short term basis, while breaching 1.3910 represents the key to stop the current negative pressure and regain the main bullish trend again.

The expected trading range for today is between 1.3765 support and 1.3910 resistance.

The expected trend for today: Bearish

The EURUSD pair opened today’s trading with bearish gap to attack 1.1888 level, which support the continuation of the bearish trend expectations, which its next target located at 1.1780.

Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.1976 and holding above it will stop the suggested decline and lead the price to turn to rise.

The expected trading range for today is between 1.1800 support and 1.1976 resistance.

The expected trend for today: Bearish