The USDJPY pair shows new bullish rallies to surpass 128.00 level and reach 129.00 barrier, reinforcing the chances of achieving more gains on the short term and medium term basis, waiting to test the psychological barrier at 130.00 as a next positive station.

The bullish channel supports the chances of continuing the rise in the upcoming period, noting that holding above 128.60 represents key condition to continue the suggested positive scenario.

The expected trading range for today is between 128.70 support and 130.00 resistance

The expected trend for today: Bullish

The GBPUSD pair closed the daily candlestick below 1.3000 level, to get negative factor that supports the expectations of continuing the bearish trend, paving the way to head towards 1.2920 that represents our next main target.

Holding below 1.3040 is important to continue the suggested decline, as breaching it might push the price to test 1.3145 areas before any new attempt to decline.

The expected trading range for today is between 1.2920 support and 1.3050 resistance.

The expected trend for today: Bearish

The EURUSD pair settles below 1.0800 level, noticing that stochastic begins to overlap negatively, waiting to motivate the price to resume the expected bearish wave on the intraday and short term basis, which its next main target located at 1.0700.

The EMA50 continues to support the expected decline, noting that holding below 1.0820 represents initial condition to continue the negative scenario.

The expected trading range for today is between 1.0700 support and 1.0850 resistance.

The expected trend for today: Bearish

Crude oil price suffered big losses and broke 104.60 level to settle below it, which stops the positive scenario and push the price to achieve more expected decline in the upcoming sessions, on its way to visit 98.95 mainly, noting that the bearish bias will remain dominant unless the price managed to breach 104.60 and hold above it.