The USDJPY price provided negative trades yesterday to approach 153.00 barrier, noticing that the price starts today with bullish bias in attempt to resume the main bullish trend, waiting to visit 154.95 that represents our next main target.

The continuation of the bullish wave depends on the price stability above 152.70, as breaking it represents the key to turn to decline and head to achieve negative targets that reach 151.20 on the near-term basis.

The expected trading range for today is between 153.00 support and 154.50 resistance

Trend forecast: Bullish

The GBPUSD price traded positively yesterday to reach the thresholds of the key resistance 1.2735$, noticing that the price consolidates below this level to start providing slight negative trades, hinting heading to resume the expected bearish trend on the intraday basis, which targets 1.2566$ as a next main station.

Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 1.2735$, as breaching it represents the key to start bullish wave that its next main target reaches 1.2866$ areas.

The expected trading range for today is between 1.2620$ support and 1.2760$ resistance

Trend forecast: Bearish

The EURUSD price fluctuates within sideways in the previous sessions, moving below the EMA50 that continues to form negative pressure against the price, thus, no change to the expected bearish trend scenario for the upcoming period, which its targets begin by breaking 1.0475$ to open the way to visit 1.0400$ as a next negative station.

We remind you that the continuation of the bearish wave depends on the price stability below 1.0563$.

The expected trading range for today is between 1.0430$ support and 1.0570$ resistance

Trend forecast: Bearish

Cardano/USD price (ADAUSD) rose in the intraday levels, buoyed by trading above the 50-day SMA, amid the dominance of the main upward trend, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the price, targeting the resistance of $1.327, provided the support of $0.911.

Trend forecast for today: Bullish