The USDCAD pair faces strong negative pressure to approach testing 1.2725 key support, noticing that stochastic shows clear oversold signals, to support the chances of bouncing bullishly again and resume the main bullish trend.

Therefore, we will keep our bullish overview conditioned by the price stability above 1.2725, reminding you that our next main target extends to 1.2950.

The expected trading range for today is between 1.2710 support and 1.2940 resistance.

The expected trend for today: Bullish

The USDJPY pair finds solid resistance at 118.40 level, which might force the price to achieve some temporary bearish correction before resuming the main bullish trend.

Until now, we still suggest the continuation of the bullish trend that targets 119.55 areas as a next main station, noting that breaking 117.50 will push the price to achieve additional bearish correction that its main targets located at 117.00 followed by 116.55.

The expected trading range for today is between 117.80 support and 119.00 resistance

The expected trend for today: Bullish

The GBPUSD pair continues to provide the positive attempts, which makes us suggest witnessing more bullish bias to test the bearish channel’s resistance around 1.3110 before resuming the main bearish trend again.

In general, the overall bearish trend scenario still valid unless the price rallied to breach 1.3110 followed by 1.3175 level and hold above them, noting that the EMA50 continues to support the bearish wave that its next main targets located at 1.2940 followed by 1.2900.

The expected trading range for today is between 1.2930 support and 1.3100 resistance.

The expected trend for today: Overall bearish

The EURUSD pair kept its stability below 1.1000 level, to keep the bearish trend scenario active for the upcoming period, waiting to resume the negative trades to head towards 1.0775 that represents our next main target.

We remind you that breaching 1.1000 will push the price to achieve intraday gains that reach 1.1145 before any new attempt to decline.

The expected trading range for today is between 1.0880 support and 1.1040 resistance.

The expected trend for today: Bearish