The USDCAD pair faced new negative pressure to test the key support 1.2725, noticing that the price kept its consolidation above it to start today with clear bullish rebound, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to achieve positive targets that start at 1.2850 and extend to 1.2950.

On the other hand, we should note that breaking 1.2725 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1.2725 support and 1.2860 resistance.

The expected trend for today: Overall bullish

The USDJPY pair rallied upwards strongly to surpass 117.00 level and approaches 118.00 barrier, to support the chances of continuing the domination of the bullish trend on the short term and medium term basis, opening the way to achieve additional gains that reach 119.55.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 117.10.

The expected trading range for today is between 117.20 support and 118.60 resistance

The expected trend for today: Bullish

The GBPUSD pair opens today’s trading with additional decline to reach our extended target at 1.3000, and we suggest surpassing this level to achieve more negative targets that reach 1.2940 followed by 1.2900, as the price is organized inside bearish channel that supports the chances of continuing the decline in the upcoming sessions.

Therefore, the bearish trend scenario will remain active, taking into consideration that the consolidation of 1.3000 against the current negative pressure might push the price to recover and test 1.3172 areas before any new attempt to decline.

The expected trading range for today is between 1.2920 support and 1.3090 resistance.

The expected trend for today: Bearish

The EURUSD pair resumed its negative trading clearly on last Friday to reach 1.0900 barrier, to support the continuation of our bearish overview, and we believe that the way is open to head towards our main waited target at 1.0775.

Therefore, we will keep our bearish overview that gets continuous support by the EMA50, reminding you that it is important to hold below 1.1145 to achieve the waited targets.

The expected trading range for today is between 1.0820 support and 1.0980 resistance.

The expected trend for today: Bearish