The USDCAD pair resumed its positive trading clearly to manage to breach key resistance line located at 1.2780 and approaches our first waited positive target at 1.2854, waiting for more rise to visit 1.2895 followed by 1.2945 levels as next positive targets.

Therefore, the bullish trend will remain dominant in the upcoming sessions conditioned by the price stability above 1.2780 and 1.2725 levels.

The expected trading range for today is between 1.2780 support and 1.2900 resistance.

The expected trend for today: Bullish

The USDJPY pair rallied upwards strongly to breach 103.90 and settles above it, which stops the recently suggested negative scenario and leads the price to turn to rise, on its way to head towards 105.20 as a next positive target.

Therefore, the bullish trend will be expected for the upcoming sessions unless breaking 103.65 and holding below it.

The expected trading range for today is between 103.65 support and 105.00 resistance

The expected trend for today: Bullish

The GBPUSD pair traded with clear negativity to reach the thresholds of the key support 1.3645, and the way seems open to continue the decline to break the bullish channel’s support line and achieve more negative trades.

Now, we prefer staying neutral until we get clearer signal for the next trend, which we will get through breaking 1.3645 support or breaching 1.3715 resistance, noting that breaking the mentioned support will push the price towards 1.3520 followed by 1.3440 areas as main negative targets, while breaching the resistance represents the key to resume the main bullish trend that its next target located at 1.3815.

The expected trading range for today is between 1.3580 support and 1.3760 resistance.

The expected trend for today: Neutral

The EURUSD pair confirmed breaking the intraday bullish channel’s support line, starting today with more decline to approach 1.2064 level again, which hints the price head to break this level and open the way to achieve more bearish correction, as the next target is located at 1.1976.

Therefore, the bearish trend will be suggested for the upcoming sessions unless the price rallied to breach 1.2173 and hold above it.

The expected trading range for today is between 1.2000 support and 1.2170 resistance.

The expected trend for today: Bearish