The USDCAD pair found solid resistance at 1.2720 and couldn’t breach it, to trade with strong negativity and approaches 1.2600 support barrier, which makes us prefer to stay aside temporarily until we get clearer signal for the next trend, which we will get through surpassing on of the mentioned levels.

The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, noting that breaking the mentioned support will press on the price to achieve more decline and head towards 1.2495 as a next negative station, while breaching the resistance will lead the price to regain the bullish track and head towards 1.2840 on the near term basis.

The expected trading range for today is between 1.2560 support and 1.2700 resistance.

The expected trend for today: Neutral

The USDJPY pair managed to achieve the first correctional target at 110.95 and settles there, noticing that the EMA50 forms good support against the price, while stochastic provides clear positive signals now.

Therefore, we believe that the chances valid to stop the correctional bearish wave and resume the main bullish trend, on its way to test 112.05 again, taking into consideration that breaking 110.95 will press on the price to achieve more bearish correction that its next main target reaches 110.25.

The expected trading range for today is between 110.60 support and 111.90 resistance

The expected trend for today: Bullish

The GBPUSD pair succeeded to touch our first target at 1.3530, and found solid resistance formed by the previously broken horizontal support line at 1.3565, which appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly to show overbought signals.

Therefore, these factors encourage us to suggest the bearish rebound to resume the bearish trend in the upcoming sessions, which moves organized inside the bearish channel that appears on the chart, noting that the main expected target is located at 1.3415, while breaching 1.3600 represents the key to head to achieve more gains and more bullish correction on the intraday basis.

The expected trading range for today is between 1.3440 support and 1.3600 resistance.

The expected trend for today: Bearish

The EURUSD pair continues to fluctuate around 1.1605 level, keeping its stability below it until now, accompanied by witnessing clear negative signals through stochastic, which motivates the price to resume the expected bearish trend on the intraday and short term basis, waiting to head towards 1.1500 that represents our next main target.

Therefore, the negative scenario will remain valid for the upcoming period, noting that breaching 1.1605 will lead the price to start recovery attempts that target visiting 1.1700 areas initially.

The expected trading range for today is between 1.1490 support and 1.1635 resistance.

The expected trend for today: Bearish