The USDJPY price provided new positive trades yesterday to reach 150.25 areas, and bounced bearishly after the EMA50 formed good resistance against the price, which supports the chances of achieving more expected decline in the upcoming sessions.

The GBPUSD price continued to decline yesterday to break 1.2605$ and close the daily candlestick below it, to start building bearish wave that we expect to target the bullish channel’s support line around 1.2440$ mainly, and it might extend to 1.2415$ before any new attempt to rise.

The EURUSD price faced clear negative pressure yesterday to confirm breaking 1.0455$ level and settle below it, which stops the correctional bullish scenario and push the price to return to the main bearish track again, to head towards achieving negative targets that start at 1.0325$ and extend to 1.0220$.

The GBPCHF price formed minor bullish channel recently to settle above it support line at 1.1290 now, noticing recording some gains by rallying towards 1.1350.

The frequent stability within the bullish channel and stochastic attempt to gather the positive momentum will increase the chances of recording additional gains, to expect rallying towards 1.1390 followed by starting to renew the pressure on 1.1425 barrier.

The expected trading range for today is between 1.1320 and 1.1390

Trend forecast: Bullish