The USD/CAD pair are hovering around 1.3350 since yesterday amid attempts to pierce it, therefore it's likely the upward trend will carry on towards 1.3400 then 1.3500 as major next targets.

The 50 SMA is supporting the suggested upward trend alongside the Stochastic indicator which gained clear positive momentum, however we note that failing to breach 1.3350 will put the pair under pressure and send them towards 1.3205. 

Expected trading range for today is between the 1.3300 support and the 1.3430 resistance. 

Expected trend for today: Bullish

The USD/JPY pair faced negative pressure yesterday and testrf the first pivotal support at 142.00, representing the breached neckline of the Double Bottom pattern as shown in the attached chart, with prices rebounding as the positive impact of this pattern remains viable, in anticipation of resuming the upward wave that targets 144.00.

The Stochastic indicator sent out clear positive signals that support the expected upward trend, which will remain in place, as long as the pair holds above 142.00, and most importantly above 141.40.

Expected trading range for today is between the 142.00 support and the 143.60 resistance. 

Expected trend for today: Bullish

The GBP/USD pair managed to touch the 1.2625 level and rebound strongly, testing the pivotal resistance of 1.2725, while the Stochastic indicator lost its positive momentum, awaiting a downward trend in trading towards 1.2625 then 1.2500 as the next main target. 

We maintain our downward trend outlook, provided that prices hold below 1.2725, and most importantly below 1.2835. 

Expected trading range for today is between the 1.2620 support and the 1.2790 resistance. 

Expected trend for today: Bearish

EUR/USD tested the first pivotal resistance at 1.0955, and held on below it, with downward trend still viable, awaiting the direction to 1.0880 then 1.0835 as next major targets.

The Stochastic indicator lost its positive momentum and entered overbought levels, bolstering the case for resuming the downward trend, and we note that a breach of 1.0955, then 1.0990, will stymie the negative scenario and lead prices back to the main upward trend. 

Expected trading range for today is between the 1.0850 support and the 1.1000 resistance. 

Expected trend for today: Bearish