The USDCAD pair begins today with clear positivity to move away from the EMA50, which supports the continuation of our bullish overview efficiently in the upcoming sessions, and the way is open to achieve our main waited target at 1.3362.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that holding above 1.3110 is important to continue the suggested rise.

The expected trading range for today is between 1.3170 support and 1.3300 resistance.

The expected trend for today: Bullish

The USDJPY pair managed to break 105.20 level and hold with a daily close below it, which supports the continuation of our bearish overview on the short term and medium term basis, on its way to visit 103.65 level that represents the next negative target.

The EMA50 keeps pressing negatively on the price to support the expectations to decline, which will remain valid conditioned by the price stability below 105.20.

The expected trading range for today is between 104.40 support and 105.70 resistance

The expected trend for today: Bearish

The GBPUSD pair succeeded to achieve our waited target at 1.3000 and bounced bearishly from there after finding solid resistance at this level, to approach testing the intraday bullish channel’s support line that appears on the chart, which we believe that it forms bearish flag pattern that will push the price to resume the correctional bearish trend.

Therefore, we expect witnessing more decline in the upcoming sessions, and breaking 1.2890 will push the price towards 1.2705 as a main negative target, noting that breaching 1.3000 will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.2820 support and 1.3000 resistance.

The expected trend for today: Bearish

The EURUSD pair confirmed breaking 1.1840 level and rallies bearishly to head towards our expected negative target at 1.1720, to activate the bearish correction scenario on the intraday basis, noting that we need to monitor the price behavior when reaching the mentioned level, as breaking it will cause more decline and open the way to head towards 1.1540 as a next correctional station.

Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1.1840 will lead the price to start recovery attempts and regain the main bullish trend again.

The expected trading range for today is between 1.1680 support and 1.1840 resistance.

The expected trend for today: Bearish