The USDCAD pair fluctuates with slight negativity to move below 1.3000 barrier now, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next waited target at 1.2960, suggesting breaking this level to achieve additional decline that targets 1.2785 areas on the near term basis.

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions unless the price rallied to breach 1.3090 level and hold above it.

The expected trading range for today is between 1.2900 support and 1.3090 resistance.

The expected trend for today: Bearish

The USDJPY pair shows calm negative trades to start pressing on the EMA50, which supports the continuation of the expected bearish trend scenario for the upcoming period, which its targets begin at 103.65, reminding you that breaking this level will extend the bearish wave to 103.00 direct.

Note that holding below 104.65 is important to achieve the suggested targets, as breaching it will lead the price to achieve new intraday gains that target testing 105.20 level before any new negative attempt.

The expected trading range for today is between 103.50 support and 105.00 resistance

The expected trend for today: Bearish

The GBPUSD pair managed to step above the bullish channel’s resistance again after the decline that it witnessed yesterday, which supports the continuation of our bullish overview on the intraday and short term basis, waiting to visit 1.3482 that represents our next positive station.

Holding above 1.3315 is important to continue the suggested rise, as breaking it will put the price under correctional bearish pressure that targets testing 1.3190 areas initially and might extend to 1.3105 before any new attempt to rise.

The expected trading range for today is between 1.3300 support and 1.3482 resistance.

The expected trend for today: Bullish

The EURUSD pair shows more bullish bias to crawl gradually towards our main waited target at 1.2011, organized inside the bullish channel that appears on the chart, to keep the bullish trend scenario valid and active in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave on the medium term basis.

The EMA50 keeps supporting the suggested positive scenario, which will remain valid conditioned by the price stability above 1.1845.

The expected trading range for today is between 1.1845 support and 1.2030 resistance.

The expected trend for today: Bullish