The USDCAD pair managed to break 1.2688 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, opening the way to head towards 1.2520 as a next negative target.

The EMA50 continues to support the suggested bearish wave, which its continuation requires holding below 1.2688.

The expected trading range for today is between 1.2570 support and 1.2720 resistance.

The expected trend for today: Bearish

The USDJPY pair trades are confined between the key levels represented by 103.65 support and 104.05 resistance, which represent the next trend keys, as the price needs to surpass one of these levels to detect its next targets clearly, which makes us continue with our neutrality until now.

Note that breaking the mentioned support will press on the price to resume the bearish trend that targets 102.50 areas as a next main station, while breaching the resistance will push the price to achieve new gains that reach 105.20.

The expected trading range for today is between 103.00 support and 104.40 resistance

The expected trend for today: Neutral

The GBPUSD pair returned to rise but it continues to face solid resistance at 1.3700 barrier, waiting to surpass this level to ease the mission of ease the mission of rallying towards our next positive target that extends to 1.3860.

In general, we will continue to suggest the bullish trend conditioned by the price stability above 1.3590, as breaking this level might press on the price to test 1.3490 areas before any new attempt to rise.

The expected trading range for today is between 1.3600 support and 1.3780 resistance.

The expected trend for today: Bullish

The EURUSD pair tested 1.2173 level and keeps its stability below it until now, accompanied by stochastic loss to the positive momentum gradually, to keep the bearish trend scenario valid for the upcoming period, depending on formation of the head and shoulders’ pattern that has negative targets that start at 1.2064 and extend to 1.1975.

On the other hand, we should note that the continuation of the bearish wave requires holding below 1.2173 and 1.2220 levels.

The expected trading range for today is between 1.2050 support and 1.2220 resistance.

The expected trend for today: Bearish