The USDCAD pair declined again to move below 1.2800, but we notice that the EMA50 continues to protect the price from suffering more losses, while stochastic keeps providing the positive signals.

Therefore, we believe that the chances valid to resume the bullish trend, which targets 1.2950 level as a next main station, noting that holding above 1.2725 represents the most important condition to continue the expected rise.

The expected trading range for today is between 1.2725 support and 1.2860 resistance.

The expected trend for today: Overall bullish

The USDJPY pair succeeded to touch our main waited target at 116.35 and attempts to breach it, to support the expectations of extending the bullish wave on the intraday and short term basis, reminding you that our next station reaches 117.00.

Therefore, we will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 115.50 and holding below it.

The expected trading range for today is between 115.80 support and 117.00 resistance

The expected trend for today: Bullish

The GBPUSD pair traded with strong negativity yesterday after consolidating below 1.3172, to surpass our first target at 1.3100 and opens the way to extend the bearish wave towards our next station that reaches 1.3000.

Therefore, we are waiting for more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, reminding you that it is important to hold below 1.3172 to continue the suggested bearish trend.

The expected trading range for today is between 1.2980 support and 1.3150 resistance.

The expected trend for today: Bearish

The EURUSD pair bounced downwards strongly after approaching 1.1145 level in the previous sessions, to support the continuation of the expected bearish trend on the intraday and short term basis, which its next target located at 1.0775.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.1145.

The expected trading range for today is between 1.0890 support and 1.1060 resistance.

The expected trend for today: Bearish