The USDCAD pair resumed its negative trading clearly to move away from 1.2590, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our waited negative target at 1.2480, which breaking it represents the key to rally to achieve more decline on the longer term basis, to head towards visiting 1.2365 as a next station.

Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 1.2590 and hold above it.

The expected trading range for today is between 1.2450 support and 1.2590 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with strong positivity yesterday to surpass our waited target at 121.70 and reach 122.40, noticing that the price rebounds bearishly from there to start bearish correction for the rise that started from 114.65 areas, to head towards visiting 120.60 mainly.

Therefore, the bearish bias will be suggested for today supported by stochastic negativity, noting that breaching 122.40 will stop the expected decline and lead the price to resume the main bullish track again.

The expected trading range for today is between 121.00 support and 122.10 resistance

The expected trend for today: Bearish

The GBPUSD pair approached 1.3145 level yesterday, and bounced bullishly to settle around 1.3175, noticing that the price begins today with clear positivity to support the chances of resuming the correctional bullish trend, on its way to visit 1.3310 as a next correctional target.

Therefore, the bullish bias will be suggested for today, and breaching 1.3325 will ease the mission of achieving the mentioned target, noting that the continuation of the bullish wave depends on the price stability above 1.3145.

The expected trading range for today is between 1.3145 support and 1.3300 resistance.

The expected trend for today: Bullish

The EURUSD pair bounced bullishly after testing 1.0965 level yesterday, to record higher lows as appears on the chart, which leads the price to turn to rise on the intraday basis, targeting heading towards 1.1145 areas ax a next main station.

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 1.0980 will stop the expected rise and press on the price to resume the bearish trend again.

The expected trading range for today is between 1.0980 support and 1.1120 resistance.

The expected trend for today: Bullish