The USDCAD pair finds difficulty to confirm breaching 1.2590 level, to move below it now, noticing that stochastic gets rid of its negative momentum and approaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 1.2725.

Therefore, we will keep our bullish overview for the upcoming period, noting that breaking 1.2540 will put the price under intraday negative pressure to test 1.2480 before any new positive attempt.

The expected trading range for today is between 1.2520 support and 1.2650 resistance.

The expected trend for today: Bullish

The USDJPY pair continues to rise to gradually approach our waited target at 125.00, waiting to get positive momentum that assist to push the price to continue the expected rise on the intraday and short term basis, noting that surpassing the mentioned level will lead the price to achieve more gains on the longer term basis.

Holding above 123.80 represents the first condition to continue the positive scenario, as breaking it will press on the price to test 122.62 areas before any new attempt to rise.

The expected trading range for today is between 123.80 support and 125.00 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to touch our waited target at 1.3000 and finds solid support there, to show some temporary bullish bias, while the EMA50 continues to press negatively on the price, to support the chances of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking the mentioned level will push the price to 1.2900 as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.3145 and hold above it.

The expected trading range for today is between 1.2950 support and 1.3100 resistance.

The expected trend for today: Bearish

The EURUSD pair opens todays positively to move above the intraday bearish channel’s resistance, but we notice that that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly.

Therefore, we believe that the chances valid to continue the expected bearish trend on the intraday basis, which its next targets extend to 1.0775, noting that the continuation of the bearish wave depends on the price stability below 1.0950.

The expected trading range for today is between 1.0800 support and 1.0950 resistance.

The expected trend for today: Overall bearish