The USDJPY price opens today positively to breach 152.70 and attempt to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to head towards 154.00 that represents our next main target.

The positive effect of the double bottom pattern still active and supports the suggested positive scenario, taking into consideration that failing to consolidate above 152.70 might force the price to rebound bearishly and head to test 151.20 areas initially.

The expected trading range for today is between 152.20 support and 153.80 resistance

Trend forecast: Bullish

The GBPUSD price broke 1.2735$ level clearly and declined to reach 1.2665$ areas, to cancel the inverted head and shoulders’ pattern mentioned in our previous reports and fall under the negative pressure in the upcoming sessions, on its way to visit 1.2565$ as a next negative station.

Therefore, the bearish bias will be suggested for today, noting that breaching 1.2735$ will stop the bearish wave and lead the price to start new recovery attempts on the intraday basis.

The expected trading range for today is between 1.2575$ support and 1.2730$ resistance

Trend forecast: Bearish

The EURUSD price managed to break 1.0475$ level and closed the daily candlestick below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to head towards 1.0400$ that represents our next target, noting that breaking this level will push the price to visit the recently recorded low at 1.0332$.

The EMA50 continues to press negatively on the price to support the expectations to decline, taking into consideration that trading above 1.0475$ again might push the price to recover and achieve gains that start by testing 1.0563$ before determining the next destination clearly.

The expected trading range for today is between 1.0370$ support and 1.0510$ resistance

Trend forecast: Bearish

Crude oil price trades with clear negativity to break 69.75$ and head towards suffering expected losses in the upcoming sessions, targeting testing 68.64$ as a next main station, noting that breaking this level will push the price to achieve more negative targets that extend to 67.70$.