The USDJPY pair opens today’s trading with strong negativity to attack 114.70 level, which hints that the price is on its way for potential test to the bullish channel’s support line around 114.00 before turning back to rise again, making the bearish bias suggested temporarily, waiting to resume the main bullish wave after testing the mentioned support.

Note that breaking 114.00 will stop the positive scenario and press on the price to achieve bearish correction for the bullish wave that started from 109.12 areas to this week recorded high.

The expected trading range for today is between 114.00 support and 115.30 resistance

The expected trend for today: Bearish temporarily

The GBPUSD pair shows new negative trades now, to start pressing on 1.3300 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, organized inside the bearish channel that appears on the chart, waiting to visit 1.3160 as a main target.

Holding below 1.3355 is important to continue the expected decline, noting that the EMA50 continues to support the suggested bearish wave.

The expected trading range for today is between 1.3210 support and 1.3360 resistance.

The expected trend for today: Bearish

The EURUSD pair fluctuates within tight trades since yesterday, affected by the US markets holidays, moving around the intraday bearish channel’s resistance that appears on the chart.

Therefore, no change to the bearish trend scenario that targets 1.1145 as a next main station, supported by the negative pressure formed by the EMA50, reminding you that breaching 1.1275 will push the price to achieve intraday gains and test 1.1375 before any new attempt to decline.

The expected trading range for today is between 1.1140 support and 1.1275 resistance.

The expected trend for today: Bearish

The GBPNZD pair formed strong correctional bullish rebound to face 1.9435 resistance line, while the upcoming scenario depends on the strength of this resistance, as its stability allows us to expect the beginning of forming new negative trades that might push it to reach 1.9270 followed by 1.9125 levels.

On the other hand, facing new positive pressures and rallying above the current resistance will confirm moving to the bullish track, to manage to target many positive levels that might start at 1.9525 followed by reaching 61.8% Fibonacci correction level at 1.9630.

The expected trading range for today is between 1.9440 and 1.9270

The expected trend for today: Bearish