The USDCAD pair bounced bearishly yesterday to approach our first waited target at 1.3000, showing some bullish bias now affected by stochastic positivity, noticing that the indicator begins to lose the positive momentum, waiting to get negative motive that assists to push the price to resume the main bearish track.

In general, we will continue to suggest the bearish trend for the upcoming period as long as 1.3170 remains intact, reminding you that our next target reaches 1.2960.

The expected trading range for today is between 1.3000 support and 1.3150 resistance.

The expected trend for today: Bearish

The USDJPY pair succeeded to achieve our waited target exactly at 103.65 and settles near it, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve more negative targets, as the next station is located at 103.00.

Therefore, we expect the continuation of the bearish trend domination, taking into consideration that failing to break 103.65 will push the price to start recovery attempts that target testing 104.40 followed by 105.20 areas mainly.

The expected trading range for today is between 103.00 support and 104.30 resistance

The expected trend for today: Bearish

The GBPUSD pair found solid resistance at the bullish channel’s resistance line that appears on the chart, and according to the trading rules inside the channels, the price begins bearish wave that targets visiting this channel’s support line, supported by recording lower high yesterday, to head towards achieving negative targets that start at 1.3105 and extend to 1.3000.

Therefore, we suggest witnessing negative trades in the upcoming sessions, and breaking 1.3225 will confirm rallying towards the above mentioned targets, taking into consideration that breaching 1.3315 will stop the expected decline and leads the price to resume the main bullish trend again.

The expected trading range for today is between 1.3105 support and 1.3300 resistance.

The expected trend for today: Bearish

The EURUSD pair bounced bearishly after reaching 1.1900 barrier yesterday, to test the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas now.

Therefore, these factors encourage us to suggest the bullish bias for the upcoming period, waiting to head towards 1.2011 that represents our next main target, noting that breaking 1.1825 will stop the expected rise and press on the price to decline towards 1.1720 before any new attempt to rise.

The expected trading range for today is between 1.1770 support and 1.1950 resistance.

The expected trend for today: Bullish