The USDCAD price managed to touch our waited target at 1.3960$ and settles around it, noticing that the recent trades form ascending triangle pattern that supports the chances of surpassing this level and open the way to extend the bullish wave on the intraday and short-term basis, noting that the next targets reach 1.4040$ followed by 1.4100$.

Therefore, we will continue to suggest the bullish trend unless breaking 1.3885$ followed by 1.3831$ levels and holding below them.

The expected trading range for today is between 1.3880$ support and 1.4025$ resistance

Trend forecast: Bullish

The USDJPY price provided clear positive trades yesterday to approach our first waited target at 155.00, reinforcing the expected positive scenario on the intraday and short-term basis, which moves organized inside the bullish channel that supports the chances of achieving additional positive targets that extend to 156.00.

Holding above 153.65 and 153.30 levels represents major condition to the continuation of the expected rise, as breaking them will push the price to turn to decline and achieve bearish correction on the intraday basis.

The expected trading range for today is between 154.00 support and 155.55 resistance

Trend forecast: Bullish

The GBPUSD price declined strongly to succeed achieving our waited target at 1.2735$, which represents 61.8% Fibonacci correction level for the rise measured from 1.2300$ to 1.3434$, and we suggest breaking this level to achieve more decline in the upcoming period, as it continues to move inside the bearish channel that appears on the chart.

Therefore, the bearish bias will be expected on the intraday and short-term basis, and the next target reaches 1.2665$, taking into consideration that the consolidation of 1.2735$ level against the current negative pressure will lead the price to start recovery attempts and head to test 1.2866$ areas before any new attempt to decline.

The expected trading range for today is between 1.2665$ support and 1.2830$ resistance

Trend forecast: Bearish

The EURUSD price succeeded to achieve our waited target at 1.0600$ and settles around it, as it found solid support there, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the bearish wave and head towards 1.0510$ that represents our next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.0635$ will complete forming positive pattern that we expect to push the price to build intraday bullish wave that targets testing 1.0725$ areas initially and might extend to 1.0805$ before any new attempt to decline.

The expected trading range for today is between 1.0540$ support and 1.0690$ resistance

Trend forecast: Bearish