The USDCAD pair traded with clear negativity yesterday to test the key support 1.2688, accompanied by witnessing big oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next main target located at 1.2854.

Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 1.2688 and holding below it.

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Bullish

The USDJPY pair finds difficulty to confirm breaking 103.65 level, to show some slight bullish now, and as long as the price is below 103.90, our bearish overview will remain valid for the upcoming period, reminding you that our next main target reaches 102.50, while breaching 103.90 represents the key to turn to rise on the intraday basis and head towards 105.20 areas on the near term basis.

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

The expected trend for today: Bearish

The GBPUSD pair rallied upwards strongly yesterday to breach 1.3710 and settles above it, which cancels yesterday’s suggested negative scenario and leads the price to resume the main bullish trend, on its way to head towards 1.3815 areas mainly.

Therefore, the bullish trend will be expected for the upcoming sessions, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1.3645.

The expected trading range for today is between 1.3645 support and 1.3815 resistance.

The expected trend for today: Bullish

The EURUSD pair continues to fluctuate between the trend confirmation levels represented by 1.2120 support and 1.2173 resistance, facing contradiction between the technical indicators, which makes us continue with our neutrality until we get clearer signal for the next trend.

We remind you that breaking the mentioned support will press on the price to decline towards 1.2064 direct, while breaching the resistance will lead the price to resume the main bullish trend and achieve positive targets that start at 1.2300.

The expected trading range for today is between 1.2060 support and 1.2250 resistance.

The expected trend for today: Neutral