The USDCAD pair resumes its negative trades clearly to move away from 1.2365, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50 that presses negatively on the price, and the way is open to achieve our waited target at 1.2230.

On the other hand, we should note that breaching 1.2365 will stop the negative scenario and lead the price to start recovery attempts on the intraday and short term basis.

The expected trading range for today is between 1.2225 support and 1.2350 resistance.

The expected trend for today: Bearish

The USDJPY pair faced temporary negative pressure yesterday to test the key support 114.10 and keeps its stability above it, as it begins to provide positive trades now, noticing that stochastic provides positive overlapping signal on the hour hours’ time frame, waiting to motivate the price to resume the main bullish trend, which its next main targets located at 115.00 followed by 115.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 114.10 and holding below it.

The expected trading range for today is between 113.90 support and 115.00 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced upwards strongly to settle above 1.3795 level again, which keeps the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 1.3910 as a next main station.

Holding above 1.3795 is important to continue the expected rise, noting that the price might witness some temporary sideways fluctuation until getting enough momentum to continue the suggested bullish trend.

The expected trading range for today is between 1.3760 support and 1.3910 resistance.

The expected trend for today: Bullish

The EURUSD pair bounced upwards clearly after testing 1.1615 level on yesterday’s evening, to reach our first target at 1.1670 now, and we believe that the chances valid to surpass this level and open the way to head towards our next main positive station at 1.1760, as the price is affected by the previously completed inverted head and shoulders’ pattern.

The EMA50 keeps supporting the expected bullish wave, which will remain valid conditioned by the price stability above 1.1615.

The expected trading range for today is between 1.1600 support and 1.1750 resistance.

The expected trend for today: Bullish