The USDCAD pair provided clear positive trades to touch our first waited target at 1.2850, and we suggest surpassing this level to head towards our extended target that reaches 1.2950.

Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis unless breaking 1.2725 and holding below it.

The expected trading range for today is between 1.2770 support and 1.2900 resistance.

The expected trend for today: Bullish

The USDJPY pair rallied bullishly again to surpass 118.00 barrier and settles above it, reinforcing the expectations of continuing the bullish trend, and the way is open to head towards our next target that reaches 119.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 117.50, noting that the EMA50 keeps supporting the suggested bullish wave.

The expected trading range for today is between 117.80 support and 119.00 resistance

The expected trend for today: Bullish

The GBPUSD pair tested 1.3000 barrier and found solid support there, to start rising again, and it might head to test the minor resistance 1.3075 before turning back to decline again.

Until now, the bearish trend scenario still valid conditioned by the price stability below the mentioned resistance, reminding you that our next main targets reach 1.2940 followed by 1.2900.

The expected trading range for today is between 1.2930 support and 1.3100 resistance.

The expected trend for today: Bearish

The EURUSD pair crawls upwards to approach 1.1000 level, and as we mentioned yesterday, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which its next main target located at 1.0775.

Therefore, we will continue to suggest the bearish trend unless breaching 1.1000 and holding above it, as breaching it will lead the price to achieve additional gains that might reach 1.1145 before turning back to decline again.

The expected trading range for today is between 1.0880 support and 1.1050 resistance.

The expected trend for today: Bearish