The USDCAD pair continues to fluctuate around 1.2780 level, and as we mentioned yesterday, the price faces contradiction between the technical factors that makes us continue with our neutrality until we get clearer signal for the next trend.

We remind you that breaking the mentioned level will complete forming negative pattern that has negative targets that reach 1.2650 followed by 1.2590, while consolidating above it and trading positively will push the price to achieve more bullish correction that targets 1.2895 initially.

The expected trading range for today is between 1.2720 support and 1.2880 resistance.

The expected trend for today: Neutral

The USDJPY pair shows positive trades now and begins testing 105.20 level, waiting to surpass this level to confirm the continuation of the bullish trend, which targets 106.00 followed by 106.44 levels as next main stations.

The EMA50 continues to support the price from below, to keep our bullish overview unless breaking 104.80 level and holding below it, as breaking this level might press on the price to visit 104.40 followed by 104.00 levels before any new positive attempt.

The expected trading range for today is between 104.50 support and 105.80 resistance

The expected trend for today: Bullish

The GBPUSD pair broke 1.3650 level and closed the daily candlestick below it, starting today with new bearish bias to move away from the mentioned level, which pushes the price to turn to decline on the intraday basis, targeting visiting 1.3515 followed by 1.3480 levels as main negative targets.

Therefore, the bearish bias will be expected for today supported by moving below the EMA50, taking into consideration that breaching 1.3680 will stop the expected decline and leads the price to regain the main bullish trend again.

The expected trading range for today is between 1.3515 support and 1.3700 resistance.

The expected trend for today: Bearish

The EURUSD pair begins today with new decline to approach 1.2000 barrier again, which supports the continuation of our bearish overview, and the way is open to achieve our next waited target at 1.1976, noting that the price faces continuous negative pressure that supports the chances of breaking the mentioned level and extend the correctional bearish wave to target 1.1888 areas as a next main station.

Therefore, we expect witnessing more decline in the upcoming sessions unless breaching 1.2064 followed by 1.2115 levels and holding above them.

The expected trading range for today is between 1.1930 support and 1.2080 resistance.

The expected trend for today: Bearish