The USDJPY price shows some slight bullish bias by today’s open, affected by the RSI positivity, and it might head to test the key resistance 152.55 before turning back to decline again.

The GBPUSD price hovers around 1.2605$ level since yesterday, waiting to surpass this level to confirm the continuation of the bullish trend within the bullish channel that appears on the chart, noting that the next targets begin at 1.2675$ and extend to 1.2765$.

The EURUSD price shows some slight bearish bias to test the key support base 1.0455$, noticing that the EMA50 continues to provide the positive support to the price, while stochastic gets rid of its negative momentum to reach the oversold areas.

Avalanche’s currency price (AVAXUSD) gained ground in the intraday levels, amid negative pressure due to trading below the 50-day SMA, while trading alongside the downward secondary trend line in the short term, with a steep angle for the decline, indicating the strength of this trend, with negative signals from the RSI after reaching overbought levels compared to the price’s movements, hinting at negative divergence and doubling negative pressures on the price. 

Therefore we expect the price to decline and target the pivotal support of $17.28.

Trend forecast for today: Bearish