The USDCAD pair shows tight trades since yesterday, noticing that stochastic loses its positive momentum clearly, which supports the continuation of the expected bearish trend for the upcoming period, which its next target located at 1.2960, reminding you that breaking this level will extend the bearish wave to reach 1.2785.

On the other hand, we should note that breaching 1.3080 will stop the expected decline and lead the price to achieve intraday gains that start by testing 1.3190.

The expected trading range for today is between 1.2930 support and 1.3050 resistance.

The expected trend for today: Bearish

The USDJPY pair opens today’s trading with clear bearish bias to approach our first waited target at 103.65, and we suggest the continuation of the decline to break this level and open the way to head towards 103.00 as a next negative station.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that holding below 104.65 represents key condition to achieve the waited targets.

The expected trading range for today is between 103.20 support and 104.65 resistance

The expected trend for today: Bearish

The GBPUSD pair returns to rise after approaching 1.3315 level, starting today positively to move above the bullish channel’s resistance, which keeps the bullish trend scenario valid for the upcoming period, supported by the EMA50, besides the positive overlapping signal provided by stochastic, noting that our next station reaches 1.3482, while achieving it requires holding above 1.3315.

The expected trading range for today is between 1.3300 support and 1.3482 resistance.

The expected trend for today: Bullish

The EURUSD pair opens today’s trading with slight bullish bias that hints the price head to resume the expected bullish trend for the upcoming period, supported by stochastic and the EMA50 positivity, and we believe that the way is open to achieve our next main target at 1.2011, taking into consideration that the continuation of the bullish wave requires holding above 1.1855.

The expected trading range for today is between 1.1855 support and 1.2030 resistance.

The expected trend for today: Bullish