The USDJPY pair presses on the bullish channel’s support line to break it and settles below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 134.55 followed by 133.30 levels as main negative targets.

Therefore, we expect to witness bearish bias today, and breaking 135.60 will ease the mission of achieving the suggested targets, noting that stochastic current positivity might slow down the suggested bearish wave.

Holding below 136.45 represents key condition to continue the expected decline, as breaching it will push the price back to the correctional bullish track to start the positive targets by testing 137.70.

The expected trading range for today is between 134.60 support and 136.20 resistance

The expected trend for today: Bearish

The GBPUSD pair surpassed the correctional bearish channel’s resistance and settled above it, to hint stopping the bearish correction and head to regain the main bullish trend, on its way to achieve positive targets that start at 1.2145 and extend to 1.2265.

Therefore, the bullish bias will be suggested for today, might be hindered by stochastic negativity that appears clearly now on the four hours’ time frame, while it is supported by moving above the EMA50.

On the other hand, we should note that breaking 1.1985 followed by 1.1940 levels will stop the expected rise and press on the price to achieve more bearish correction on the short term basis.

The expected trading range for today is between 1.1970 support and 1.2140 resistance.

The expected trend for today: Bullish

The EURUSD pair returns to trade positively, to test the key resistance 1.0650 now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario valid for the upcoming period.

Stochastic loses its positive momentum clearly to show overbought signals, waiting to assist to push the price to decline again and head towards our main expected target at 1.0515.

Therefore, we will keep our bearish overview, noting that breaching 1.0650 will stop the negative scenario and push the price to achieve additional gains that reach 1.0745 as a next target.

The expected trading range for today is between 1.0550 support and 1.0700 resistance.

The expected trend for today: Bearish

Crude oil price rallied upwards strongly to succeed achieving our first waited target at 78.90 and breaches it to attempt to hold above it now, reinforcing the expectations of extending the bullish wave on the intraday and short term basis, paving the way to achieve additional gains that reach 80.40 and extend to 81.60, taking into consideration that the price needs to build support base above 78.90 to add more confirmation to the continuation of the expected rise.