The USDCAD pair managed to touch our waited target at 1.2590 and settles there, falling under negative pressure formed by the EMA50, to support the chances of continuing the bearish bias to break this level and open the way to achieve more negative targets that reach 1.2480.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that the consolidation of 1.2590 level against the current negative pressure will lead the price to start recovery attempts that target testing 1.2725 areas mainly.

The expected trading range for today is between 1.2530 support and 1.2655 resistance.

The expected trend for today: Bearish

The USDJPY pair shows more bullish bias to move away from 118.40 level, reinforcing the expectations of continuing the bullish trend, which targets 120.00 as a next main station.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 118.40.

The expected trading range for today is between 118.70 support and 119.90 resistance

The expected trend for today: Bullish

The GBPUSD pair attempted to breach the key resistance 1.3175 but it couldn’t manage to hold for long time above it, as it begins today with bearish bias affected by stochastic negativity, to keep the price stuck between the key levels represented by the mentioned resistance and 1.3100 support, to keep our neutrality valid until now until breaching one of the mentioned levels.

We remind you that breaching the resistance will complete forming positive pattern that has positive targets that reach 1.3310, while breaking the support will press on the price to resume the bearish trend that its next main target located at 1.3000.

The expected trading range for today is between 1.3060 support and 1.3250 resistance.

The expected trend for today: Depends on the above mentioned levels

The EURUSD pair hovers around 1.1050 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which gets continuous support by the EMA50, waiting to head towards our main targets that start at 1.0920 and extend to 1.0775.

Note that breaching 1.1145 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.

The expected trading range for today is between 1.0960 support and 1.1100 resistance.

The expected trend for today: Bearish