The USDCAD pair rallied upwards clearly to move away from 1.2480 level, to head towards achieving expected gains on the intraday basis, approaching 1.2590 level now, noting that breaching this level will push the price to 1.2725 on the near term basis.

Moving above the EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1.2480 and holding below it.

The expected trading range for today is between 1.2590 support and 1.2630 resistance.

The expected trend for today: Bullish

The USDJPY pair continues to rise, and it needs to surpass 123.90 to ease the mission of rallying towards our next positive target at 125.00.

In general, we will continue to suggest the bullish trend as long as 122.62 level remains intact, noting that the EMA50 keeps protecting the expected bullish wave.

The expected trading range for today is between 123.30 support and 124.50 resistance

The expected trend for today: Bullish

The GBPUSD pair returns to decline, getting negative signal by stochastic now, waiting to motivate the price to provide more negative trades in the upcoming sessions, reminding you that our next target is located at 1.3000.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3145.

The expected trading range for today is between 1.2980 support and 1.3130 resistance.

The expected trend for today: Bearish

The EURUSD pair resumed its negative trading after the temporary rise that it witnessed in the previous sessions, to settle below 1.0900 now, reinforcing the expectations of continuing the bearish trend, which targets 1.0775 as a next main station.

Stochastic provides negative signal that supports the expected decline, noting that holding below 1.0950 represents initial condition to continue the negative scenario.

The expected trading range for today is between 1.0820 support and 1.0950 resistance.

The expected trend for today: Bearish