The USDCAD pair traded positively yesterday to test the key resistance 1.2785, as it rebounds downwards clearly from there, motivated by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 1.2550 that represents our next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2785.

The expected trading range for today is between 1.2640 support and 1.2785 resistance.

The expected trend for today: Bearish

The USDJPY pair provided temporary positive trades yesterday and attempted to breach 103.65, but we notice that the EMA50 formed solid resistance against the price, to rebound bearishly and settle below the mentioned level again, which keeps our bearish overview valid and active for the upcoming period, which targets 103.00 followed by 102.50 levels as next main stations.

In general, we will continue to suggest the bearish trend unless breaching 103.65 level and holding above it.

The expected trading range for today is between 102.50 support and 103.80 resistance

The expected trend for today: Bearish

The GBPUSD pair managed to touch our first waited target at 1.3540 and finds solid resistance there, starting today with additional bullish bias to attempt to breach this level, which supports the continuation of our bullish overview on the intraday and short term basis, noting that the next positive targets begin at 1.3600 and extend to 1.3715.

The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1.3335.

The expected trading range for today is between 1.3450 support and 1.3630 resistance.

The expected trend for today: Bullish

The EURUSD pair faced temporary negative pressure yesterday to attack 1.2145 level, but it bounced upwards quickly to settle at 1.2200 barrier, noticing that the price begins today with new bullish bias to confirm the continuation of the main bullish trend scenario, which targets 1.2300 level as a next main station.

Therefore, we are waiting for more rise in the upcoming sessions, supported by the EMA50, reminding you that it is important to hold above 1.2145 to achieve the waited targets.

The expected trading range for today is between 1.2145 support and 1.2300 resistance.

The expected trend for today: Bullish