The USDCAD pair continues to decline gradually and settles around 1.3500 level now, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms continues negative pressure against the price.

Therefore, we believe that the chances valid to continue the decline in the upcoming sessions, which targets 1.3500 followed by 1.3362 levels as next main stations, noting that it is important to hold below 1.3612 and 1.3640 levels to achieve the suggested targets.

The expected trading range for today is between 1.3450 support and 1.3600 resistance.

The expected trend for today: Bearish

The USDJPY pair bounced bearishly yesterday after testing 107.68 level, reinforcing the expectations of continuing the expected bearish trend on the intraday basis, waiting to visit 106.44 level that represents our next negative target.

Moving below the EMA50 supports the expected decline, taking into consideration that breaching 107.68 will stop the negative scenario and push the price to recover and head towards 109.22 areas on the near term basis.

The expected trading range for today is between 106.60 support and 108.00 resistance

The expected trend for today: Bearish

The GBPUSD pair continues to fluctuate at 1.2515 level and still below it, to keep the price stuck between the key levels represented by the mentioned resistance and 1.2435 support, thus, we will continue with our neutrality until we get a clearer signal for the next trend.

We remind you that breaching the mentioned resistance will complete forming bullish pattern that has positive targets that reach 1.2777 direct, while breaking the support will press on the price to decline towards 1.2304 as a first negative station.

The expected trading range for today is between 1.2400 support and 1.2600 resistance.

The expected trend for today: Neutral

The EURUSD pair confirmed breaching 1.1270 level after closing the daily candlestick above it, to activate the bullish trend scenario on the intraday and short term basis, paving the way to head towards 1.1420 that represents the next positive target.

Therefore, the bullish bias will be suggested for the upcoming sessions supported by the EMA50, noting that breaking 1.1270 will stop the suggested rise and press on the price to test 1.1175 areas initially.

The expected trading range for today is between 1.1240 support and 1.1420 resistance.

The expected trend for today: Bullish