The USDCAD pair succeeded to achieve our waited target at 1.2415 and surpassed it to settle below it, which supports the expectations of extending the bearish wave on the short-term basis, reminding you that the next target is located at 1.2250.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2470.

The expected trading range for today is between 1.2330 support and 1.2470 resistance.

The expected trend for today: Bearish

The USDJPY pair faces difficulty to breach 109.22 level, to start providing negative trades now and hint heading to turn to decline, as we expect heading to test 107.70 mainly.

Therefore, the bearish bias will be expected for today, and breaking 108.65 will ease the mission of achieving the mentioned target, noting that breaching 109.22 will stop the suggested decline and push the price to resume the bullish trend again.

The expected trading range for today is between 108.20 support and 109.50 resistance

The expected trend for today: Bearish

The GBPUSD pair breached the intraday bearish channel’s resistance clearly and settles above it, to head towards achieving expected gains on the intraday basis, targeting testing 1.4065 mainly.

Therefore, the bullish bias will be expected for today, noting that breaking 1.3920 will stop the expected rise and press on the price to decline again, as the main negative target is located at 1.3750.

The expected trading range for today is between 1.3860 support and 1.4050 resistance.

The expected trend for today: Bullish

The EURUSD pair’s rally stopped at 1.1976, starting today with bearish bias in attempt to move away from this level, noticing that stochastic provides negative signals that reinforce the chances of achieving more decline today.

Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions unless breaching 1.1976 and holding above it, noting that our targets begin at 1.1888 and extend to 1.1780 after breaking the previous level.

The expected trading range for today is between 1.1860 support and 1.2020 resistance.

The expected trend for today: Bearish