The USDCAD pair provided mixed trades yesterday, as it bounced bullishly after the decline that it witnessed in the previous sessions, to test the intraday bearish channel’s resistance that appears on the chart, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to decline again.

Therefore, we will keep our bearish overview unless breaching 1.2615 and holding above it, reminding you that our next main target extends to 1.2365.

The expected trading range for today is between 1.2450 support and 1.2575 resistance.

The expected trend for today: Bearish

The USDJPY pair provided clear negative trades yesterday to test 108.00 barrier, reinforcing the expectations of continuing the bearish trend, which targets testing 107.70 level mainly, noting that breaking this level will extend the bearish wave to target 106.45 as a next station.

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 109.22 and hold above it.

The expected trading range for today is between 107.50 support and 108.80 resistance

The expected trend for today: Bearish

The GBPUSD pair ended yesterday above the main bullish channel’s support line, which push the price to achieve more gains on the short term and medium term basis, paving the way to head towards 1.4080 followed by 1.4235 levels as next main stations.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 1.3945 and holding below it will stop the positive scenario and put the price under the negative pressure again.

The expected trading range for today is between 1.3920 support and 1.4080 resistance.

The expected trend for today: Bullish

The EURUSD pair settled around 1.2040 after the bullish rally that it witnessed yesterday, waiting to get positive momentum to assist to push the price to touch our main waited target at 1.2064, reminding you that breaching this level will push the price to achieve new gains that reach 1.2170.

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.1975 and holding below it.

The expected trading range for today is between 1.1975 support and 1.2120 resistance.

The expected trend for today: Bullish