The USDCAD pair provided negative trades yesterday to test 1.2800 level, noticing that stochastic provides positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 1.2950.

Therefore, our bullish overview will remain valid and active, noting that breaking 1.2800 will press on the price to achieve additional decline and test 1.2725 areas before resuming the suggested rise.

The expected trading range for today is between 1.2760 support and 1.2900 resistance.

The expected trend for today: Bullish

The USDJPY pair continues to rise to approach our waited target at 116.35, expecting to breach this level to continue moving inside the bullish channels that appear on the chart, followed by achieving positive targets that reach 117.00.

Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 115.35.

The expected trading range for today is between 115.60 support and 116.80 resistance

The expected trend for today: Bullish

The GBPUSD pair continued to rise to test 1.3172 level, noticing that the price begins to decline again in attempt to move away from this level, motivated by the overlapping signal provided by stochastic, waiting for more decline in the upcoming sessions.

Therefore, we expect the continuation of the bearish bias today, and the targets begin at 1.3100 and extend to 1.3000, noting that breaching 1.3172 will push the price to achieve additional gains that reach 1.3255.

The expected trading range for today is between 1.3060 support and 1.3220 resistance.

The expected trend for today: Bearish

The EURUSD pair’s bullish rally stopped near 1.1100 barrier, to start providing negative trades by today’s open, which hints heading to resume the main bearish trend, which targets 1.0775 level as a next main station.

Therefore, the bearish bias will be suggested for today, and breaking 1.0985 will ease the mission of achieving the waited target, while the expected decline will remain valid unless the price rallied to breach 1.1145 and hold above it.

The expected trading range for today is between 1.0950 support and 1.1120 resistance.

The expected trend for today: Overall bearish