The USDJPY price managed to breach 148.53 level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to achieve our positive targets that start at 150.00 and extend to 151.00.

The intraday bullish channel supports the expectations to rise, which get continuous support by the EMA50, noting that breaking 148.53 will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 148.50 support and 150.10 resistance

Trend forecast: Bullish

The GBPUSD price ended yesterday below the main bullish channel’s support line, to head towards achieving bearish correction for the rise measured from 1.2299$ to 1.3434$, on its way to visit 1.3000$ as a next main target.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.3080$ will stop the expected decline and push the price back to the main bullish channel again.

The expected trading range for today is between 1.2990$ support and 1.3145$ resistance.

Trend forecast: Bearish

The EURUSD price settles at 1.0940$ level and finds solid support there, and it needs to get negative motive that supports the expectations of surpassing this level to open the way to continue the decline and visit 1.0880$ that represents the next negative target, noting that the price is affected by the double top pattern that has negative targets that extend to reach 1.0780$ areas.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0990$ followed by 1.1040$ levels will stop the expected decline to head towards regaining the main bullish trend again.

The expected trading range for today is between 1.0860$ support and 1.1000$ resistance.

Trend forecast: Bearish

Crude oil price broke 73.48$ level strongly to succeed achieving our waited target at 71.95$, showing some bullish bias to head towards potential test to the resistance line formed at the broken level, noting that consolidating below it will push the price to achieve additional decline that its targets extend to reach 70.44$ after surpassing 71.95$ level.