The USDCAD pair succeeded to reach our second waited target at 1.2688, and we suggest surpassing this level to open the way to achieve more negative targets that reach 1.2585.

The bearish channels organize the bearish wave, noting that failing to break 1.2688 might push the price to test 1.2854 areas before any new attempt to decline.

The expected trading range for today is between 1.2620 support and 1.2750 resistance.

The expected trend for today: Bearish

The USDJPY pair resumed its negative trades clearly to settle below 103.00, which supports the continuation of the expected bearish trend scenario for the upcoming period, which its targets begin at 102.50 followed by 102.15, supported by the negative pressure formed by the EMA50.

Stochastic forms negative motive that supports the expectations to decline, which will remain valid and active unless breaching 103.65 level and holding above it.

The expected trading range for today is between 102.30 support and 103.65 resistance

The expected trend for today: Bearish

The GBPUSD pair confirmed breaching 1.3624 and rallied to achieve more gains, opening the way to head towards our next positive target at 1.3760, to continue suggesting the bullish trend for the upcoming period, which its targets extend to 1.3900 on the near term basis.

Holding above 1.3624 is important to continue the expected rise, as breaking it will press on the price to start intraday bearish correction that targets testing 1.3450 areas and might extend to 1.3360 before any new attempt to rise.

The expected trading range for today is between 1.3624 support and 1.3800 resistance.

The expected trend for today: Bullish

The EURUSD pair opens the week positively after the decline that it witnessed in the previous sessions, as it bounced bullishly from the bullish channel’s support areas to resume the main bullish track, which supports the continuation of our bullish overview that its targets begin at 1.2300 and extend to 1.2440 after surpassing the previous level.

Stochastic provides positive signal that motivates the price to achieve more expected rise, noting that it is important to hold above 1.2195 to achieve the suggested targets.

The expected trading range for today is between 1.2180 support and 1.2350 resistance.

The expected trend for today: Bullish