The USDJPY pair provided positive trades yesterday to attempt to breach 107.68 but it didn’t close the daily candlestick above it, noticing that the price begins today with new rise to move above this level, which hints the price head to turn to rise, supported by moving above the EMA50, but we notice that stochastic shows overbought signals to block the positive attempts.

Therefore, we prefer staying neutral temporarily until the price confirms its situation according to the mentioned level, noting that confirming breaching it will push the price to achieve new gains that reach 109.22, while consolidating below it will press on the price to resume the decline that its first target located at 106.44.

The expected trading range for today is between 107.00 support and 108.50 resistance

The expected trend for today: Neutral

The GBPUSD pair traded with clear negativity yesterday to attack 1.2304 level, as it broke it and closed the daily candlestick below it, which turns the intraday track to decline, to head towards achieving additional decline that targets visiting 1.2093 level mainly.

Therefore, the bearish trend will be suggested for today, supported by the negative pressure formed by the EMA50, noting that stepping above 1.2304 again will reactivate the bullish trend scenario that its next main target located at 1.2515.

The expected trading range for today is between 1.2200 support and 1.2390 resistance.

The expected trend for today: Bearish

The EURUSD pair returns to fluctuate between 1.1175 support and 1.1270 resistance, to keep our neutrality valid until the price manages to breach one of these levels and detect its next targets clearly, noting that the contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality.

We remind you that breaching the mentioned resistance will lead the price to resume the main bullish trend that its next target located at 1.1420, while breaking the support represents negative factor that will force the price to achieve additional bearish correction that targets 1.1100 followed by 1.1020 levels before any new attempt to rise.

The expected trading range for today is between 1.1140 support and 1.1340 resistance.

The expected trend for today: Depends on the above mentioned levels

Crude oil price trades with clear positivity to attack 38.50 and trades above 39.00 barrier now, which hints the price head to regain the main bullish trend again, supported by stochastic positivity, noting that breaching 40.41 will add more confirmation to continue rising in the upcoming period and open the way to rally towards 43.05 areas initially.