The USDCAD pair bounced bearishly after approaching 1.2895 level, to test the key support base 1.2780, noticing that the EMA50 meets this support to add more strength to it, while stochastic gains the positive momentum clearly.

Therefore, we believe that the chances valid to resume the correctional bullish trend, which its next target located at 1.2945, noting that the expected rise requires holding above 1.2780 and 1.2700 levels.

The expected trading range for today is between 1.2720 support and 1.2860 resistance.

The expected trend for today: Bullish

The USDJPY pair approached 105.00 barrier, and shows sideways trades now, waiting to get positive momentum that assists to push the price to resume the positive trading, which targets 105.20 as a next station.

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 103.65 and holding below it, noting that surpassing the targeted level will extend the bullish wave to reach 106.45 as a next main target.

The expected trading range for today is between 104.00 support and 105.40 resistance

The expected trend for today: Bullish

The GBPUSD pair begins today’s trading with clear positivity to breach 1.3715 and attempts to hold above it, which hints the price head to activate the positive scenario for the upcoming period, on its way to achieve positive targets that start at 1.3815.

Therefore, the bullish bias will be expected for today unless we witnessed clear break to 1.3645 and holding below it.

The expected trading range for today is between 1.3650 support and 1.3815 resistance.

The expected trend for today: Bullish

The EURUSD pair settles below the correctional bearish channel’s resistance, and the EMA50 forms continuous negative pressure against the price, while stochastic provides negative signals now.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin at 1.2064 and extend to 1.1976 on the near term basis, reminding you that it is important to hold below 1.2173 to achieve the suggested targets.

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

The expected trend for today: Bearish