The USDJPY price faced new negative pressure yesterday, as it broke 154.96 and approached 153.75 level, but it returns to trade above the first level, and we expect to witness sideways trades between 153.75 support and 156.45 resistance in the upcoming sessions, and the price needs to surpass one of these levels to detect its next destination clearly.

Therefore, the sideways bias will be dominant on the intraday basis, noting that breaching the mentioned resistance will lead the price to resume the main bullish trend and achieve new gains that reach 158.00 followed by 158.87 levels, while breaking the support will push the price to achieve additional bearish correction that targets 152.55 as a next negative station.

The expected trading range for today is between 154.00 support and 156.10 resistance

Trend forecast: Sideways

The GBPUSD price rallied upwards strongly yesterday to breach the bearish channel’s resistance line followed by breaching 1.2415$ level and settle above it, to stop the negative scenario and return to the correctional bullish track again, and we suggest the continuation of the bullish bias to visit 1.2605$ as a next positive target.

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2350$ will stop the bullish wave and push the price to return to the main bearish channel again.

The expected trading range for today is between 1.2350$ support and 1.2510$ resistance

Trend forecast: Bullish

The EURUSD price continued to rise yesterday to close the daily candlestick above 1.0325$, to get positive motive that we expect to push the price to achieve more rise in the upcoming sessions, on its way to visit 1.0455$ as a next positive target.

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to consolidate above 1.0325$ will put the price under the negative pressure again, to head towards testing 1.0220$ areas initially.

The expected trading range for today is between 1.0240$ support and 1.0410$ resistance

Trend forecast: Bullish

Ethereum price (ETHUSD) shows additional positive trades to reach 2764.75$ level now, to hint heading to recover and achieve more rise in the upcoming period, noting that breaching this level will extend the bullish wave to reach 3017.30$ as a next positive target, while consolidating against the current rally will push the price to rebound bearishly and visit 2356.50$ again.