The USDJPY pair shows new positive trades but it faces solid resistance at 115.60, waiting to surpass this level to ease the mission of heading towards our next positive target at 116.35.

Until now, the bullish trend scenario still valid supported by stochastic and the EMA50 positivity, reminding you that it is important to hold above 114.65 to continue the positive scenario.

The expected trading range for today is between 115.00 support and 116.35 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced bearishly yesterday after approaching 1.3600 barrier, to press on the key support 1.3525, which urges caution from the upcoming trading, due to the possibility of forming double top pattern in case breaking 1.3525 and 1.3505 levels followed by turning to decline.

Until now, the bullish trend scenario still valid unless breaking 1.3525 – 1.3505 levels and holding below them, noting that our first target is located at 1.3610.

The expected trading range for today is between 1.3450 support and 1.3630 resistance.

The expected trend for today: Bullish

The EURUSD pair didn’t show any strong move since yesterday, to continue fluctuating around 1.1430, thus, no change to the bullish trend scenario that its next target located at 1.1560, which will remain valid conditioned by the price stability above 1.1375, noting that stochastic current negativity interprets the reasons of resuming the positive trades.

The expected trading range for today is between 1.1375 support and 1.1520 resistance.

The expected trend for today: Bullish

The NZDUSD pair managed to achieve our first waited target at 0.6665 and breached it to settle above it, reinforcing the expectations of continuing the correctional bullish trend, which its next target located at 0.6710, noting that holding above 0.6615 is important to conitne the suggested rise.

The expected trading range for today is between 0.6615 support and 0.6720 resistance

The expected trend for today: Bullish