The USDJPY pair managed to achieve our waited target at 113.40 and bounced bullishly from there to head towards regaining the main bullish trend after the recent temporary bearish correction, expecting to witness more rise in the upcoming sessions, and the first main target is represented by testing the recently recoded top at 114.70.

Stochastic supports the expected rise, noting that breaking 113.40 will press on the price to achieve more bearish correction that its next target reaches 112.56.

The expected trading range for today is between 113.20 support and 114.40 resistance

The expected trend for today: Bullish

The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding below 0.9200 is important to continue the expected decline.

The expected trading range for today is between 0.9100 support and 0.9180 resistance.

The expected trend for today: Bearish

The GBPUSD pair’s decline stopped at the bullish channel’s support line that appears on the chart, as it approached our waited negative target at 1.3720, to rebound bullishly and head towards resuming the main bullish trend, motivated by the positive signals provided by stochastic, waiting for more expected rise in the upcoming sessions.

Breaching 1.3795 will reinforce the expectations of continuing the bullish trend, to head towards 1.3910 areas mainly, noting that breaking 1.3720 will stop the positive scenario and press on the price to turn to decline.

The expected trading range for today is between 1.3700 support and 1.3880 resistance.

The expected trend for today: Bullish

The EURUSD pair opens today’s trading with clear positivity to reach 1.1670 level, getting continuous support by the EMA50, waiting to breach the mentioned level to confirm opening the way to achieve more gains that reach 1.1715 followed by 1.1760.

Therefore, we will continue to suggest the bullish trend for the upcoming period affected by the previously completed inverted head and shoulders’ pattern, conditioned by the price stability above 1.1615.

The expected trading range for today is between 1.1600 support and 1.1750 resistance.

The expected trend for today: Bullish