The USDJPY price provided new negative trades to break the bullish channel’s support line and close the daily candlestick below it, to start bearish correction for the rise measured from 140.24 to 161.94, targeting testing 156.82 as a first negative station, noting that breaking this level will push the price to suffer more losses on the longer-term basis.

Therefore, the bearish trend will remain suggested for the upcoming sessions, noting that breaching 158.30 will stop the expected negative scenario and push the price back to the main bullish track again.

The expected trading range for today is between 156.95 support and 158.70 resistance

Trend forecast: Bearish

The GBPUSD price continues the bullish rally to reach the thresholds of the new target at 1.3000$, showing some temporary bearish bias affected by the RSI negativity, waiting to gather positive momentum that assist to push the price to continue the rise and achieve new gains that reach 1.3140$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 1.2890$ will put the price under negative pressure that its targets begin by testing 1.2830$ and might extend to 1.2695$ before any new attempt to rise.

The expected trading range for today is between 1.2900$ support and 1.3060$ resistance.

Trend forecast: Bullish

The EURUSD price continued to rise to reach few pips away from our waited target at 1.0915$, and begins today with small bearish gap that its begins attempts to cover it now, waiting to resume the bullish wave to surpass the mentioned level and open the way to visit the psychological barrier at 1.1000$ as a next main station.

Therefore, the bullish trend will remain suggested for the upcoming period, organized inside the bullish channel that appears on the chart, noting that breaking 1.0840$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 1.0820$ support and 1.0980$ resistance.

Trend forecast: Bullish

Read more: What is the future of the Euro? 

Brent oil price trades with clear positivity to complete forming double bottom pattern that appears on the chart, reinforcing the expectations of continuing the bullish trend for the upcoming sessions, opening the way to visit 87.05$ followed by 88.50$ levels that represents our next main targets.

Moving above the EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 85.80$.

The expected trading range for today is between 85.00$ support and 87.90$ resistance.

Trend forecast: Bullish