USDCAD Price Analysis

Expected Scenario

• The USDCAD price attempted to breach 1.3690$ level, but it ended yesterday below it, starting today with bearish bias to attempt to move away from this level, which supports the continuation of the correctional bearish trend domination, waiting to test 1.3590$ initially, noting that breaking it will push the price towards 1.3512$ followed by 1.3433$.
• Breaking 1.3665$ will ease the mission to achieve the expected decline, which will remain valid conditioned by the price stability below 1.3690$.

Expected Trading Range

Between 1.3590$ support and 1.3730$ resistance.

USDJPY Price Analysis

Expected Scenario

• The USDJPY price’s rise stopped near our first suggested positive target in our previous report at 156.60, as the EMA50 formed solid resistance that forced the price to rebound bearishly, to head towards achieving expected decline in the upcoming sessions, and the targets begin at 154.80$ and extend to 152.6$ after breaking the previous level.
• Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 156.50$ will stop the expected decline and lead the price to resume the main bullish track again.

Expected Trading Range

Between 154.50$ support and 156.30$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price returns to rise after the weak fluctuation that it witnessed in the previous sessions, and attempts to surpass 1.2800$ barrier, reinforcing the expectations of continuing the bullish trend, which targets 1.2893$ as a next station.
• The EMA50 keeps supporting the suggested bullish wave, affected by the previously completed double bottom pattern, reminding you that the continuation of the bullish trend depends on the price stability above 1.2700$.

Expected Trading Range

Between 1.2730$ support and 1.2890$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price bounced bullishly after the EMA50 formed good support against the price.
• As the price starts today with clear positivity to attempt to return to the bullish channel, it keeps the chances valid to continue the expected bullish trend for the upcoming period, which its targets begin by surpassing 1.0915$ to open the way to head towards 1.1015$.

Expected Trading Range

Between 1.0830$ support and 1.0970$ resistance.