The USDJPY price found solid support at 150.55 level, to rebound bullishly and reach the recently recorded high at 151.81, noticing that the price begins to provide bearish rebound signals now, to head towards resuming the expected correctional bearish track on the intraday basis, which its targets begin at 150.55 and extend to 149.77 after breaking the previous level.

RSI negativity supports the continuation of the expected decline, noting that breaching 151.81 will stop the negative scenario and push the price to continue the main bullish track again.

The expected trading range for today is between 150.60 support and 152.00 resistance

Trend forecast: Bearish

The GBPUSD price ended yesterday below 1.2695$ level, to confirm the beginning of the bearish correction for the bullish wave measured from 1.2070$ to 1.2893$, on its way to visit 1.2580$ that represents 38.2% Fibonacci correction for the mentioned rise.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2700$ will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.2580$ support and 1.2745$ resistance.

Trend forecast: Bearish

The EURUSD price ended yesterday at 1.0860$ level, and consolidated above the breached neckline of the inverted head and shoulders’ pattern, accompanied by stochastic reach to the oversold areas, these factors support the chances of resuming the expected bullish trend on the intraday basis.

On the other hand, we notice that the price is forming double top pattern that its signs appear on the chart, its confirmation line meets the neckline of the above mentioned pattern at 1.0845$, which means that breaking it will push the price to turn to decline and target 1.0765$ initially.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.0845$ support or breaching 1.0885$ resistance.

The expected trading range for today is between 1.0780$ support and 1.0955$ resistance.

Trend forecast: Neutral

Crude oil price broke the bullish channel’s support line to test 23.6% Fibonacci correction level at 80.68$, to hint heading to achieve bearish correction on the intraday basis, but we prefer to stay aside until the price confirms breaking this support or breaching 81.75$ resistance to detect its next destination clearly.

Note that breaking the support will push the price to visit the next correctional level at 78.90$, while breaching the resistance represents the key to regain the main bullish trend that its next target located at 83.85$.