The USDCAD pair attempted to break 1.2635 level but it didn’t settle below it, to remain stuck between this support and that resistance line that declines now to 1.2700, which represent the next trend keys, waiting to breach one of them to detect the next targets clearly.

To review the details of the expected targets after the breach, please check our previous report.

The expected trading range for today is between 1.2600 support and 1.2740 resistance.

The expected trend for today: Neutral

The USDJPY pair faced negative pressure yesterday to touch 108.40, but we notice that the price is recovering clearly to breach the resistance of bullish flag pattern that supports the chances of achieving more gains in the upcoming sessions, accompanied by witnessing positive overlapping signal by stochastic now.

Therefore, we believe that the chances are valid to resume the bullish trend, and the targets begin by surpassing 109.22 to confirm heading towards 109.85 followed by 110.30 levels as next main targets, noting that the continuation of the bullish wave requires holding above 108.25.

The expected trading range for today is between 108.25 support and 109.60 resistance

The expected trend for today: Bullish

The GBPUSD pair’s rise stopped at 1.3925, as the EMA50 formed good resistance to rebound bearishly and head towards resuming the negative trades, to keep the negative effect of the head and shoulders’ pattern active, waiting to head towards 1.3695 as a main target.

Therefore, we expect the domination of the bearish trend in the upcoming sessions supported by stochastic negativity, noting that surpassing 1.3905 will push the price to rise again and visit 1.3990 level before any new attempt to decline.

The expected trading range for today is between 1.3780 support and 1.3940 resistance.

The expected trend for today: Bearish

The EURUSD pair opens today’s trading with new negativity to move below 1.1888 after the attempt to breach it yesterday, as we notice that stochastic provides negative overlapping signal that supports the chances of achieving more decline in the upcoming sessions, making the bearish bias suggested for today, targeting visiting 1.1780 mainly.

The intraday bearish channel organizes the suggested bearish wave, noting that failing to consolidate below 1.1888 will push the price to achieve intraday gains that target testing 1.1976 before detecting the next destination clearly.

The expected trading range for today is between 1.1800 support and 1.1940 resistance.

The expected trend for today: Bearish