The USDJPY pair shows some slight bearish bias to test the intraday bullish trend line that appears on the chart, as the price is affected by the RSI negativity, while the EMA50 continues to provide the positive support to the price, waiting to resume the bullish wave that targets 151.70 followed by 152.25 levels as next main stations.

Therefore, the bullish trend will remain suggested for the upcoming period as long as 150.00 level remains intact, as breaking this level will push the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 149.50 support and 151.10 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to touch our waited target at 1.2540 and settles near it, waiting to resume the negative trades to break this level and head to achieve additional bearish correction in the upcoming sessions, affected by the negative formation that appears on the chart, its next target reaches 1.2450.

The EMA50 continues to support the expected bearish wave, which will remain valid unless the price rallied to breach 1.2650 and hold with a daily close above it.

The expected trading range for today is between 1.2480 support and 1.2640 resistance.

The expected trend for today: Bearish

The EURUSD pair tested 1.0700 barrier and shows some slight bullish bias, noticing that stochastic lost its positive momentum to show clear overbought signals now, while the EMA50 continues to press negatively on the price.

Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which targets 1.0645 as a next station, taking into consideration that breaching 1.0765 will stop the suggested decline and lead the price to attempt to recover and build bullish wave that its targets begin by testing 1.0860 level.

The expected trading range for today is between 1.0640 support and 1.0790 resistance.

The expected trend for today: Bearish

Crude oil price is facing strong negative pressure to test the support base formed above 77.86, and the price needs to consolidate above the bullish channel’s support line at 76.90 to keep the bullish trend scenario active for the upcoming period, noting that we are waiting to head towards 80.00 as a next main target.