The USDCAD pair finds difficulty to break 1.2480 level, to show some slight bullish bias, noticing that the EMA50 forms good resistance barrier that hinders the attempts to rise, to keep the chances valid to continue the bearish trend scenario that its next target reaches 1.2365.

We remind you that the continuation of the bearish wave requires holding below 1.2590.

The expected trading range for today is between 1.2450 support and 1.2570 resistance.

The expected trend for today: Bearish

The USDJPY pair hovers around 122.62 level, waiting to get positive momentum that assist to push the price to confirm breaching this level followed by rallying towards our positive targets that start at 123.40 then 125.00.

Stochastic negativity interprets the reasons of the current sideways fluctuation, noting that failing to breach 122.62 will put the price under negative pressure that targets testing 121.10 as a first negative station.

The expected trading range for today is between 122.10 support and 123.20 resistance

The expected trend for today: Bullish

The GBPUSD pair shows negative trades to move away from 1.3145 level, reinforcing the expectations of continuing the bearish trend, supported by the negative pressure formed by the EMA50, waiting to visit 1.3000 as a next main target.

Holding below 1.3145 is important to continue the expected decline, as breaching it will lead the price to return to the correctional bullish trend again.

The expected trading range for today is between 1.3020 support and 1.3160 resistance.

The expected trend for today: Bearish

The EURUSD pair settles below the EMA50, showing slight bearish bias to gradually approach the bullish channel’s support line at 1.0995, waiting for more decline in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 1.0900 direct.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.1055, as breaching this level might push the price to test 1.1145 areas again before determining the next destination clearly.

The expected trading range for today is between 1.0950 support and 1.1100 resistance.

The expected trend for today: Bearish