The USDJPY pair shows some bearish bias to approach testing the key support 148.80, noticing that stochastic gathers the positive momentum clearly, while the EMA50 keeps supporting the price from below, thus, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which its next target located at 150.00.

The bullish channel continues to organize the suggested bullish wave, which will remain valid conditioned by the price stability above 148.80 level.

The expected trading range for today is between 148.60 support and 150.00 resistance

The expected trend for today: Bullish

The GBPUSD pair is confined within tight range between 1.2610 support and 1.2645 resistance, waiting to breach this resistance to confirm the continuation of the expected bullish wave on the intraday basis, which targets 1.2765 areas initially.

Until now, the bullish trend scenario still suggested as long as 1.2610 remains intact, as breaking it represents negative factor that will push the price to return to the correctional bearish track again, to head towards testing 1.2540 as a first negative station.

The expected trading range for today is between 1.2570 support and 1.2720 resistance.

The expected trend for today: Bullish

The EURUSD pair opens today’s trading with bullish bias to attempt to surpass the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday basis, which targets visiting 1.0860 as a next main station, noting that breaching this level will lead the price to achieve additional gains that reach 1.0960.

Stochastic current negativity hinders the mission to rise and might cause some temporary sideways fluctuation before resuming the suggested bullish wave, noting that breaking 1.0765 will stop the suggested bullish trend and push the price to resume the negative trades affected by the previously completed head and shoulders’ pattern.

The expected trading range for today is between 1.0740 support and 1.0880 resistance.

The expected trend for today: Bullish

American Express Company’s stock (AXP) kept rising in the intraday levels, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

Therefore we expect the stock to rise and target the first resistance at 220.00, provided the support of 199.85 holds on.

Expected trend for today: Bullish