The USDJPY price shows more bearish bias to gradually approach the waited target at 151.09, waiting to lean on this level followed by turning back to rise and resume the bullish wave within the bullish channel that appears on the chart.
Therefore, we are waiting for more expected decline today, noting that breaking the targeted level will open the way to suffer additional losses that extend to 150.05 as a next negative station, while breaching 152.35 will stop the suggested bearish bias and push the price to resume the bullish track again.
The expected trading range for today is between 151.00 support and 152.50 resistance
Trend forecast: Bearish
The GBPUSD price fluctuates around 1.2975$ level after the rise that it witnessed in the previous sessions, waiting to rebound bearishly to resume the correctional bearish trend, supported by the negative pressure formed by the EMA50, reminding you that the next target is located at 1.2866$.
Holding below 1.3000$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve additional gains that start at 1.3065$ and extend to 1.3166$.
The expected trading range for today is between 1.2890$ support and 1.3030$ resistance
Trend forecast: Bearish
The EURUSD price surpassed the bearish channel’s resistance line and settled above it, to start bullish correction for the decline that started from 1.1208$ areas, targeting 1.0866$ followed by 1.0930$ levels as initial positive stations.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0760$ will stop the expected rise and push the price to resume the main bearish track again.
The expected trading range for today is between 1.0750$ support and 1.0910$ resistance
Trend forecast: Bullish
Crude oil price bounced downwards strongly to break 72.15$ and attacks 70.58$ now, to hint heading to turn to decline in the upcoming session, noting that closing today below the last level will push the price towards 68.65$ as a next negative station.