The USDCAD price needs strong positive motive – Forecast today - 13-09-2024

The USDJPY price bounced downwards clearly to resume the expected bearish trend on the intraday and short-term basis, approaching the main waited target at 140.24, and we suggest surpassing this level to achieve more negative targets in the upcoming period, to reach 139.00 as a next negative station.

The GBPUSD price rallied upwards strongly yesterday to attack 1.3124$ level, noticing that the price begins today with more rise to breach this level and close the first four hours’ candlestick above it, which confirms stopping the bearish correction and head to resume the main bullish trend again, on its way to achieve positive targets that start at 1.3220$ followed by 1.3265$.

The EURUSD price shows more bullish bias to approach 1.1100$ level, and we suggest the continuation of the bullish bias to surpass this level and confirm the return to the main bullish track again, to head towards achieving new gains that start by visiting 1.1200$ areas.