The USDJPY price shows sideways trades in the previous sessions, and still stuck between the key levels represented by 151.40 support and 151.96 resistance, which keeps our neutrality until the price managed to breach one of these levels.

To review the details of the expected targets of the breach, please check our previous report.

The expected trading range for today is between 151.00 support and 152.70 resistance

Trend forecast: Neutral

The GBPUSD pair managed to touch our waited target at 1.2700$ and finds solid resistance there, waiting to get positive motive that assist to push the price to surpass this level and achieve additional gains that reach 1.2800$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to achieve the required breach will push the price to rebound bearishly and head to test 1.2580$ initially.

The expected trading range for today is between 1.2600$ support and 1.2750$ resistance.

Trend forecast: Bullish

The EURUSD pair keeps its stability below 1.0860$ after the positive attempts that it witnessed yesterday, to continue suggesting the bearish trend on the intraday basis, reminding you that our waited target is located at 1.0765$.

Note that the continuation of the decline and surpassing the mentioned level will extend the bearish wave to reach 1.0645$ as a next negative station, while on the other hand, we should note that breaching 1.0860$ followed by 1.0885$ levels will stop the suggested bearish wave, to complete forming bullish pattern that has positive targets that start at 1.0960$ and extend to 1.1020$ after surpassing the previous level.

The expected trading range for today is between 1.0770$ support and 1.0920$ resistance.

Trend forecast: Bearish

Crude oil price bounced bearishly after failing to surpass 87.00$ barrier, to form double top pattern that might force the price to decline and visit the bullish channel’s support line around 83.05$ in the upcoming sessions, making the bearish bias suggested on the intraday basis, taking into consideration that the consolidation of 85.25$ level against the current negative pressure will stop the expected decline and lead the price to rise again.