The USDCAD pair succeeded to achieve our first waited target at 1.3500 and settles near it, waiting for more decline to surpass this level and open the way to rally towards our next negative target that reaches 1.3362.

The EMA50 continues to press negatively on the price to support the chances of achieving the mentioned target, to keep our bearish overview unless the price rallied to breach 1.3612 and hold with a daily close above it.

The expected trading range for today is between 1.3430 support and 1.3580 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear negativity yesterday to move away from 107.68 level and settles below the EMA50 now, to keep the bearish trend scenario active for the upcoming period, and the way is open to head towards our waited negative target at 106.44.

Holding below 107.68 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target testing 108.15 followed by 109.22 areas on the near term basis.

The expected trading range for today is between 106.50 support and 108.00 resistance

The expected trend for today: Bearish

The GBPUSD pair bounced upwards clearly after testing 1.2515 level yesterday, to settle above 1.2600 barrier now, reinforcing the expectations of continuing the expected bullish trend on the intraday and short term basis, affected by the previously completed inverted head and shoulders’ pattern, reminding you that we are waiting to visit 1.2777 as a next main target.

The EMA50 supports the price from below, to reinforce the expectations of achieving more rise today, taking into consideration that the continuation of the bullish wave requires holding above 1.2515.

The expected trading range for today is between 1.2515 support and 1.2720 resistance.

The expected trend for today: Bullish

The EURUSD pair begins today’s trading with new positivity to breach 1.1340 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, paving the way to achieve more gains in the upcoming sessions, waiting to head towards 1.1420 that represents our next main station.

Therefore, the positive scenario will remain valid and active for today, supported by the EMA50, taking into consideration that holding above 1.1270 represents major condition to continue the suggested rise.

The expected trading range for today is between 1.1270 support and 1.1440 resistance.

The expected trend for today: Bullish