The USDCAD pair traded with clear positivity yesterday to breach 1.2725 and settles above it, and keeps rising to complete forming double bottom pattern that its signs appear on the chart, which leads the price to achieve more expected gains in the upcoming sessions.

Therefore, the bullish bias will be suggested for today, and the targets begin at 1.2840 and extend to 1.2950 after surpassing the previous level, noting that the continuation of the bullish wave requires holding above 1.2725 – 1.2690 levels.

The expected trading range for today is between 1.2725 support and 1.2860 resistance.

The expected trend for today: Bullish

The USDJPY pair provided negative trades yesterday and approached testing the support base formed above 115.50 level, attempting to resume the bullish bias, as it gets continuous positive support by the EMA50.

Until now, the bullish trend still valid and active, waiting to visit 116.50 level as a next main target, noting that breaking 115.35 might press on the price to decline towards 114.15 areas before any new attempt to rise.

The expected trading range for today is between 115.30 support and 116.50 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to achieve our first waited target at 1.3565 and attempted to breach it, but it couldn’t manage to hold for long time above it, to trade negatively and head towards potential test to the key support 1.3485.

Therefore, the bearish bias will be suggested temporarily now, waiting to resume the bullish trend after testing the mentioned support, noting that breaking this support will press on the price to achieve more decline and head towards 1.3410 as a next negative station, while breaching 1.3565 represents the key to resume the bullish track within the bullish channel that appears on the chart.

The expected trading range for today is between 1.3460 support and 1.3600 resistance.

The expected trend for today: Bearish temporarily

The EURUSD pair provided temporary positive trades yesterday, and returns to decline again to fluctuate around the EMA50 now, accompanied by witnessing negative signals through stochastic, thus, the chances valid to resume the expected bearish trend on the intraday basis, which targets 1.1150 as a next main station.

Breaking 1.1280 is required to ease the mission of achieving the mentioned target, reminding you that it is important to hold below 1.1375 to continue the bearish trend.

The expected trading range for today is between 1.1230 support and 1.1380 resistance.

The expected trend for today: Bearish