The USDCAD pair attempted to break 1.2480 level but it found solid support there, to show some bullish bias now, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic loses its positive momentum clearly.

Therefore, these factors support the chances of resuming the negative trading to break the above mentioned level and rally towards our next target that extends to 1.2365, reminding you that the continuation of the bearish wave depends on the price stability below 1.2590.

The expected trading range for today is between 1.2440 support and 1.2590 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear negativity yesterday to approach our waited target at 121.10, and we notice that the price rebounds bullishly to head towards testing the resistance formed at 122.62, accompanied by stochastic loss to the positive momentum, waiting to motivate the price to resume the negative trades to test 121.10 level as a main target.

Therefore, we expect the continuation of the bearish trend domination on the intraday basis, noting that breaching 122.62 will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 121.40 support and 122.70 resistance

The expected trend for today: Bearish

The GBPUSD pair attempted to breach 1.3145 level but it closed the daily candlestick below this level, to start today with bearish bias and move away from the mentioned level, which keeps our bearish overview valid, which targets 1.3000 as a next station.

We remind you that the continuation of the bearish wave requires holding below 1.3145.

The expected trading range for today is between 1.3020 support and 1.3170 resistance.

The expected trend for today: Bearish

The EURUSD pair ended yesterday above 1.1145 level, to head towards continuing the rise in the upcoming sessions, targeting testing 1.1235 level initially, which breaching it represents the key to rally towards 1.1375 as a next main target.

Therefore, the bullish bias will be suggested for today unless breaking 1.1145 and holding below it again.

The expected trading range for today is between 1.1100 support and 1.1250 resistance.

The expected trend for today: Bullish