The USDJPY price opens today’s trading with clear negativity to break 154.96 level and settle below it, to activate the bearish correction scenario and head towards achieving negative targets that start at 153.75, noting that breaking this level will push the price to visit 61.8% Fibonacci correction level at 152.55.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 154.96 and holding above it will stop the expected decline and lead the price to start recovery attempts on the intraday and short-term basis.

The expected trading range for today is between 153.60 support and 155.00 resistance

Trend forecast: Bearish

The GBPUSD price shows bullish bias after testing 1.2415$ level in the previous sessions, supported by the EMA50 that carries the price from below, to keep the bullish trend scenario valid and active, waiting to visit 1.2609$ as a next main target.

The price needs to consolidate above 1.2415$ - 1.2385$ levels to guarantee the continuation of the bullish trend, as breaking it represents the key to return to the main bearish channel followed by resuming the main bearish trend again.

The expected trading range for today is between 1.2380$ support and 1.2535$ resistance

Trend forecast: Bullish

The EURUSD price hovers around the EMA50, noticing that stochastic continues to lose the positive momentum to approach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday and short-term basis, which its targets begin at 1.0325$ and extend to 1.0220$ after breaking the previous level.

Holding below 1.0455$ is important to the continuation of the negative scenario, as breaching it will lead the price to achieve new gains and head towards 38.2% Fibonacci correction level at 1.0600$ on the near-term basis.

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

Trend forecast: Bearish

KILT/USD price edged lower in the intraday levels amid negative pressure from trading below the 50-day SMA, with the dominance of the main downward trend in the medium term, while trading alongside the secondary short-term trend line, with negative signals from the RSI, as the price managed to vent off oversold saturation there. 

Therefore we expect the price to decline and target the pivotal support of $0.116, provided the resistance of $0.186 holds on.

Trend forecast for today: Bearish