The USDCAD pair provided additional positive trades yesterday to succeed touching our second target at 1.2956, as it bounced downwards strongly from there to test the support base formed at 1.2854 after breaching it previously, to keep the stability of the daily close above this level and begins today with new rise that supports the chances of achieving more gains in the upcoming period.

Therefore, the bullish trend will be expected on the intraday basis, and the targets begin by surpassing 1.2956 to open the way to visit 1.3040, noting that stochastic provides positive signals that support the expected rise, which will remain valid conditioned by the price stability above 1.2854 and 1.2820 levels.

The expected trading range for today is between 1.2800 support and 1.2960 resistance.

The expected trend for today: Bullish

The USDJPY pair attempted to breach 103.65 level yesterday but it returned to settle below it, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by the negative pressure formed by the EMA50, depending on the stability of the daily close below the mentioned level, noting that our next target is located at 102.50.

The expected trading range for today is between 102.70 support and 103.90 resistance

The expected trend for today: Bearish

The GBPUSD pair bounced upwards strongly yesterday after touching the main bullish channel’s support line that appears on the chart, to reach 1.3500 barrier, but it begins to decline again to press on the minor bullish channel’s support line and attempts to break it, which hints the price head to achieve new negative trades, on its way to visit 1.3250 followed by 1.3190 levels as next main stations.

Therefore, we except the domination of the bearish trend in the upcoming sessions, taking into consideration that breaching 1.3510 will stop the suggested negative scenario and lead the price to achieve new gains on the short term and medium term basis.

The expected trading range for today is between 1.3270 support and 1.3470 resistance.

The expected trend for today: Bearish

The EURUSD pair ended yesterday with clear positivity after the decline that it witnessed in the previous sessions, but we notice that the price begins today with new decline to break the intraday bullish trend line that appears on the chart, supported by the negative signal provided by stochastic, which supports the chances of continuing the negative trades in the upcoming sessions, targeting testing 1.2175 followed by 1.2115 levels mainly.

Therefore, the bearish bias will be expected for today, noting that breaching 1.2250 will stop the suggested decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1.2115 support and 1.2280 resistance.

The expected trend for today: Bearish