The USDCAD pair shows new negative trades by today’s open to move below 1.2590, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50, waiting to head towards 1.2480 as a next main target.

The price might witness some sideways fluctuation affected by stochastic positivity before resuming the expected decline, noting that consolidating above 1.2590 will stop the negative scenario and lead the price to achieve intraday gains.

The expected trading range for today is between 1.2500 support and 1.2640 resistance.

The expected trend for today: Bearish

The USDJPY pair succeeded to achieve our waited target at 120.00 and settles near it, and it is important to monitor the price at this level, as breaching it will lead the price to achieve additional gains that reach 121.00 as a next station, while consolidating below it will press on the pair to start correctional bearish wave that targets testing 118.80 areas initially.

Therefore, we prefer to stay aside temporarily until the price confirms its situation according to 120.00 followed by getting clearer signal for the next trend.

The expected trading range for today is between 119.20 support and 120.50 resistance

The expected trend for today: Neutral

The GBPUSD pair attempted to breach 1.3175 resistance line again, but it couldn’t hold for long time above it, to remain stuck between this resistance and 1.3100 support, which makes us continue with our neutrality until we get clearer signal for the next trend.

We remind you that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 1.3000, while breaching the resistance represents the key to rally to achieve bullish correction that its next main target reaches 1.3310.

The expected trading range for today is between 1.3060 support and 1.3240 resistance.

The expected trend for today: Depends on the above mentioned levels

The EURUSD pair resumes its negative trading to move below 1.1000 level now, reinforcing the expectations of continuing the bearish trend, motivated by stochastic negativity, waiting to test 1.0920 level initially, reminding you that breaking it will push the price to 1.0775 as a next main target.

The EMA50 continues to support the expected bearish trend, which will remain valid unless the price rallied to breach 1.1145 and hold above it.

The expected trading range for today is between 1.0910 support and 1.1060 resistance.

The expected trend for today: Bearish