The USDJPY price faced additional negative pressure yesterday to break 154.96 level and reach 153.75 direct, noticing that the price bounced bullishly by today’s open to settle above the first level, to continue with our neutrality until we get clearer signal for the next trend, through breaking 154.96 support or breaching 156.45 resistance.

Note that breaking the support will push the price to suffer new losses and target 153.75 again, while breaching the resistance will lead the price to recover and visit 157.65 followed by 158.87 levels as main positive stations.

The expected trading range for today is between 154.80 support and 156.40 resistance

Trend forecast: Neutral

The GBPUSD price faces negative pressure to head towards potential test to 1.2415$ level, noticing that the price moves inside intraday bullish channel that supports the chances of continuing the correctional bullish trend in the upcoming sessions, which its next target located at 1.2609$.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.2415$ and holding with a daily close below it.

The expected trading range for today is between 1.2375$ support and 1.2525$ resistance

Trend forecast: Bullish

The EURUSD price opened today with strong decline to break 1.0455$ level and close the first four hours’ candlestick below it, to fall under expected negative pressure in the upcoming sessions and head towards achieving negative targets that start by testing 1.0325$ areas.

Therefore, the bearish bias will be suggested for today, noting that trading above 1.0455$ again will reactivate the correctional bullish scenario that targets 1.0600$ as a next positive station.

The expected trading range for today is between 1.0350$ support and 1.0500$ resistance

Trend forecast: Bearish

Ethereum price (ETHUSD) achieved some temporary gains and returns to decline again, waiting to break 3017.30$ to confirm extending the bearish wave and achieve new negative targets that extend to 2765.00$, to continue suggesting the bearish trend for the upcoming period unless breaching 3222.00$ and holding above it.