The USDJPY price traded with clear positivity in the previous sessions to test the key resistance 156.45, noticing that the price begins to decline by today’s open to head towards resuming the correctional bearish trend, waiting to test 23.60% Fibonacci level at 154.96 again, noting that breaking this level will push the price towards 153.75 as a next negative station.

Therefore, the bearish trend will remain suggested for the upcoming period, noting that breaching 156.45 will lead the price to resume the main bullish trend and achieve positive targets that start by visiting the recently recorded high at 158.87.

The expected trading range for today is between 155.00 support and 156.40 resistance

Trend forecast: Bearish

The GBPUSD price confirmed breaking the bearish channel’s support line and settles below 1.2200$ barrier, to support the continuation of the expected bearish trend on the intraday and short-term basis, which targets 1.2100$ followed by 1.2045$ levels as next main stations.

The EMA50 forms negative pressure that supports the continuation of the expected bearish trend, reminding you that it is important to hold below 1.2300$ to achieve the suggested targets.

The expected trading range for today is between 1.2110$ support and 1.2260$ resistance

Trend forecast: Bearish

The EURUSD didn’t show any strong move in the previous sessions, to continue fluctuating around the EMA50, and still bearish the main bearish trend line that appears on the chart, to continue suggesting the bearish trend for the upcoming period, waiting to test 1.0220$ initially, reminding you that breaking it will push the price towards 1.0100$ as a next negative station.

Note that breaching 1.0325$ will stop the expected decline and push the price to start bullish correction that its first target located at 1.0455$.

The expected trading range for today is between 1.0210$ support and 1.0350$ resistance

Trend forecast: Bearish

Bitcoin price (BTCUSD) resumed its positive trading to surpass the second target at 103500.00$ and reinforce the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that the next target reaches 108350.45$, while achieving it requires holding above 99695.00$.