The USDCAD pair bounced downwards clearly yesterday after approaching the first waited positive target at 1.2840, to attack 1.2725, but its still above the intraday support line that rises now to 1.2700, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period.

The waited positive targets begin at 1.2850 and extend to 1.2950, while achieving them requires holding above 1.2700.

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

The expected trend for today: Bullish

The USDJPY pair returned to decline again yesterday, but it attempts to recover now, motivated by the positive overlapping signal provided by stochastic, waiting to resume the bullish trend that targets 116.50 as a next main station.

Therefore, the positive scenario will remain valid unless breaking 115.35 and holding below it.

The expected trading range for today is between 115.30 support and 116.50 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced bullishly after testing the bullish channel’s support line, to head towards resuming the bullish wave within the mentioned channel, which supports the chances of surpassing 1.3565 to open the way to head towards 1.3660 as a next main station.

Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 1.3485 and holding below it.

The expected trading range for today is between 1.3485 support and 1.3640 resistance.

The expected trend for today: Bullish

The EURUSD pair provided positive attempts on yesterday’s evening but it returned to decline and settle near the support line that rises now to 1.1285, as the EMA50 forms continuous negative pressure against the price, to keep our bearish overview that its targets begin by breaking the mentioned level to open the way to visit 1.1150.

We remind you that the continuation of the bearish wave depends on the price stability below 1.1375.

The expected trading range for today is between 1.1210 support and 1.1360 resistance.

The expected trend for today: Bearish