The USDCAD pair shows new positive trades now, to gradually approach our waited target at 1.3500, and we expect the continuation of the rise to breach this level and achieve additional gains that reach 1.3595 followed by 1.3680.

The price needs to get positive momentum that assist to push trades to achieve the suggested targets, taking into consideration that breaking 1.3350 will stop the expected bullish wave and push the price to turn to decline.

The expected trading range for today is between 1.3400 support and 1.3540 resistance.

The expected trend for today: Bullish

The USDJPY pair touched 145.05 level and attempts to breach it, to support the chances of continuing the bullish trend on the intraday and short-term basis, reminding you that surpassing the mentioned level will push the price to 146.00 as a next main target.

The EMA50 continues to support the price from below to reinforce the chances of achieving more gains in the upcoming sessions, noting that breaking 144.20 will stop the bullish wave and push the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 144.30 support and 145.80 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced bearishly after testing 1.2725 level in the previous sessions, to gradually approach our waited negative target at 1.2625, and we suggest the continuation of the bearish bias to surpass the mentioned level and achieve additional negative targets that reach 1.2505.

Therefore, the bearish trend will remain dominant on the intraday and short-term basis, supported by the previously completed double top pattern, reminding you that breaching 1.2725 followed by 1.2825 will stop the bearish trend and push the price to return to the main bullish trend again.

The expected trading range for today is between 1.2570 support and 1.2740 resistance.

The expected trend for today: Bearish

The EURUSD pair managed to break 1.0955 level and close the daily candlestick below it, reinforcing the expectations of continuing the bearish trend on the intraday basis, and the way is open to achieve our next target at 1.0880.

The negative effect of the double top pattern still active, and we expect to push the price to suffer more losses and surpass the mentioned level to head towards 1.0785 as a next negative target.

Therefore, we expect to witness more bearish bias in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that the continuation of the bearish wave required holding below 1.1030.

The expected trading range for today is between 1.0840 support and 1.1000 resistance.

The expected trend for today: Bearish