The USDCAD pair hovers around 1.2365, noticing that stochastic lost its positive momentum and begins to provide negative signals now, waiting to motivate the price to resume the correctional bearish trend, which its next target located at 1.2230.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2495 and hold above it.

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

The expected trend for today: Bearish

The USDJPY pair surpassed our first waited target at 114.00 and fluctuates around the bullish channel’s resistance, and begin the attempts to gather the positive momentum on the intraday basis, waiting to get positive motive that assists to push the price to continue the rise, noting that our next target is located at 114.70.

Holding above 113.70 is important to continue the bullish trend, as breaking it will press on the price to test the bullish channel’s support line around 112.75 before any new attempt to rise.

The expected trading range for today is between 113.70 support and 115.00 resistance

The expected trend for today: Bullish

The GBPUSD pair shows some bearish bias to test the support base formed above 1.3720, affected by stochastic negativity, while it moves within bullish channel that supports the chances of achieving more expected gains in the upcoming period, and the price needs to consolidate above the mentioned support to manage to resume the bullish bias towards 1.3795 as a next positive target.

Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 1.3720 will press on the price to test 1.3660 before any new attempt to rise.

The expected trading range for today is between 1.3650 support and 1.3820 resistance.

The expected trend for today: Bullish

The EURUSD pair finds difficulty to breach 1.1615 level, to fluctuate around the EMA50 that forms good support against the price, noticing that stochastic continues to fluctuate at the oversold areas.

Therefore, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which its targets begin by breaching 1.1615 to confirm rallying towards 1.1670 followed by 1.1760 levels, taking into consideration that breaking 1.1545 – 1.1525 levels will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1.1530 support and 1.1680 resistance.

The expected trend for today: Bullish