The USDCAD pair succeeded to surpass 1.2854 and approaches our second waited target at 1.2895, to support the chances of extending the correctional bullish wave, which its next target reaches 1.2954 after surpassing the previous level.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that the continuation of the bullish wave requires holding above 1.2780 and 1.2725 levels.

The expected trading range for today is between 1.2800 support and 1.2940 resistance.

The expected trend for today: Bullish

The USDJPY pair opens today’s trading with clear positivity to move away from 104.00 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to visit 105.20 that represents our next station.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 103.65.

The expected trading range for today is between 104.00 support and 105.20 resistance

The expected trend for today: Bullish

The GBPUSD pair could not manage to break 1.3645 support line, to trade with clear positivity and test 1.3715 key resistance, noticing that the price begins today to decline from this resistance, to keep the price between the mentioned levels, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect the next targets clearly.

We remind you that breaking the mentioned support will press on the price to turn to decline and achieve negative targets that start at 1.3520 and extend to 1.3450, while breaching the resistance represents the key to rally to resume the main bullish trend that its next target located at 1.3815.

The expected trading range for today is between 1.3600 support and 1.3815 resistance.

The expected trend for today: Neutral

The EURUSD pair tested the EMA50 and bounced bearishly from there, to start today with additional bearish bias that pushes the price to approach 1.2064 level again, motivated by stochastic negativity, waiting to break the mentioned level to confirm opening the way visit 1.1976.

In general, the bearish trend scenario will remain suggested for the upcoming period unless breaching 1.2173 and holding above it.

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

The expected trend for today: Bearish