The USDCAD pair managed to achieve our first waited target at 1.2765 and surpassed it to confirm extending the bearish wave on the intraday and short term basis, on its way to visit 1.2688 that represents our next station.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 1.2854 and holding above it.

The expected trading range for today is between 1.2670 support and 1.2800 resistance.

The expected trend for today: Bearish

The USDJPY pair shows more decline to test 103.00 barrier, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50, waiting to test 102.50 followed by 102.15 levels as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 103.65.

The expected trading range for today is between 102.50 support and 103.65 resistance

The expected trend for today: Bearish

The GBPUSD pair succeeded to touch our first waited target at 1.3624 and settles around it, waiting for more rise to surpass this level and head towards 1.3760 that represents our next target, supported by the EMA50 that protects trading inside the minor bullish channel that appears on the chart.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.3510.

The expected trading range for today is between 1.3540 support and 1.3710 resistance.

The expected trend for today: Bullish

The EURUSD pair managed to touch our first waited target at 1.2300 and attempts to breach it, which supports the continuation of our bullish overview, which its next target located at 1.2410, supported by the EMA50.

The bullish channel continues to push the price to achieve more gains, noting that failing to breach 1.2300 might press on the price to test 1.2185 areas before any new attempt to rise.

The expected trading range for today is between 1.2200 support and 1.2400 resistance.

The expected trend for today: Bullish