The USDCAD pair found difficulty to surpass the intraday bearish channel’s resistance, to rebound bearishly and resume the main bearish track, to approach 1.2688 level now, which makes us suggest the continuation of the decline and surpass the mentioned level to open the way to achieve more negative targets that reach 1.2475.

Holding below 1.2785 is important to continue the expected decline, as breaching it will push the price to achieve more bullish correction.

The expected trading range for today is between 1.2650 support and 1.2790 resistance.

The expected trend for today: Bearish

The USDJPY pair opens today’s trading with clear positivity to breach the resistance line that appears on the chart and settles above it, to start activating the bullish trend scenario for the upcoming period, motivated by stochastic positivity that appears on the four hours’ time frame, waiting to head towards 105.20 as a next positive target.

Therefore, we expect witnessing more rise in the upcoming sessions unless breaking 103.65 and holding below it.

The expected trading range for today is between 103.40 support and 104.70 resistance

The expected trend for today: Bullish

The GBPUSD pair touched the bullish channel’s support line and bounced bullishly from there, to start testing 1.3615 level, which hints the price head to resume the main bullish trend, on its way to achieve positive targets that start at 1.3700 and extend to 1.3815.

Therefore, the bullish bias will be expected for today, noting that failing to breach 1.3615 will press on the price to decline again and attack 1.3520 to achieve more intraday decline.

The expected trading range for today is between 1.3520 support and 1.3700 resistance.

The expected trend for today: Bullish

The EURUSD pair could not manage to break 1.2064 level, to rebound bullishly and heads towards achieving expected gains in the upcoming sessions, starting by testing 1.2125 followed by 1.2175 levels, making the bullish bias suggested for today.

Note that breaching the last level will push the price to achieve more gains and regain the main bullish trend again, while breaking 1.2064 will stop the suggested positive scenario and press on the price to achieve more bearish correction and head towards 1.1975 as a next negative target.

The expected trading range for today is between 1.2020 support and 1.2190 resistance.

The expected trend for today: Bullish