The USDCAD pair provided clear positive trades yesterday but it faced solid resistance at 1.2840 again, to show some temporary decline now, noting that the price continues to move inside the bullish channel that appears on the chart, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1.2950 as a next station.

The EMA50 supports the suggested bullish wave, reminding you that it is important to hold above 1.2775 and 1.2740 levels to achieve the waited targets.

The expected trading range for today is between 1.2740 support and 1.2870 resistance.

The expected trend for today: Bullish

The USDJPY pair tested 109.20 level again and kept its stability above it, noticing that the price begins today with new bullish bias in attempt to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 109.80 to open the way to head towards 111.00.

Holding above 109.20 is important to continue the bullish trend, as breaking it will press on the price to continue moving inside the bearish channel that appears on the chart to achieve negative targets that reach 107.70.

The expected trading range for today is between 109.00 support and 110.00 resistance

The expected trend for today: Bullish

The GBPUSD pair settles below 1.3680 level, to keep the negative pressure valid for the upcoming period, supported by the negative signal provided by stochastic now, waiting to motivate the price to resume the bearish bias that its next main target located at 1.3570.

Note that breaching 1.3680 will stop the suggested negative scenario and push the price to start bullish wave that targets 1.3750 followed by 1.3820 areas on the near term basis.

The expected trading range for today is between 1.3560 support and 1.3720 resistance.

The expected trend for today: Bearish

The EURUSD pair settles around 1.1730 level since yesterday, and the EMA50 continues to press negatively on the price, to keep our bearish overview that depends on the price stability below 1.1780, affected by the previously completed double top pattern, reminding you that our main waited target is located at 1.1605.

The expected trading range for today is between 1.1640 support and 1.1780 resistance.

The expected trend for today: Bearish