The USDCAD pair provided temporary negative trades yesterday to test 1.2590 level, and bounced bullishly from there to support the continuation of the bullish overview, waiting for more rise to head towards our next main target at 1.2725.

The EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 1.2590.

The expected trading range for today is between 1.2590 support and 1.2725 resistance.

The expected trend for today: Bullish

The USDJPY pair tested 125.00 and kept its stability above it, to resume its positive trades now, which keeps our bearish overview active, supported by stochastic current positivity, waiting to visit 126.55 that represents our next main target.

Note that the continuation of the bullish wave depends on the price stability above 125.00 and the most important above the main bullish trend line that rises now to 124.50.

The expected trading range for today is between 125.00 support and 126.20 resistance

The expected trend for today: Bullish

The GBPUSD pair ended yesterday negatively to press on 1.3000 level, attempting to start today below this level, to support the expectations of continuing the bearish trend on the intraday basis, reminding you that our next target is located at 1.2900.

The EMA50 continues to support the suggested bearish wave, noting that failing to break 1.3000 might push the price to start recovery attempts and achieve gains that start at 1.3100 and might extend to 1.3145 before any new attempt to decline.

The expected trading range for today is between 1.2910 support and 1.3060 resistance.

The expected trend for today: Bearish

The EURUSD pair resumed its negative trades clearly after testing the bearish channel’s resistance that appears on the chart, to approach our waited target at 1.0775, noting that moving inside the mentioned channel supports the chances of breaking the mentioned level to open the way to achieve additional negative targets that reach 1.0600.

Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.0890 and the most important below 1.0950.

The expected trading range for today is between 1.0740 support and 1.0890 resistance.

The expected trend for today: Bearish