The USDJPY price rallied upwards clearly yesterday to surpass 157.00 barrier and settle above it, to hint stopping the correctional bearish scenario suggested in our last report and head to resume the main bullish trend, on its way to test the recently recorded high at 157.92 initially, noting that breaching this level will push the price to visit 160.00 barrier on the near term basis.

Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 156.70 and holding below it.

The expected trading range for today is between 156.50 support and 158.00 resistance

Trend forecast: Bullish

The GBPUSD price bounced bearishly after retesting the broken neckline of the head and shoulders’ pattern, to resume the expected bearish trend on the intraday and short-term basis, on its way to achieve negative targets that reach 1.2400$.

Therefore, we are waiting for more expected decline in the upcoming period, noting that breaching 1.2605$ will push the price to turn to rise and build bullish wave that targets 1.2735$ initially.

The expected trading range for today is between 1.2450$ support and 1.2590$ resistance

Trend forecast: Bearish

The EURUSD price returned to decline after the temporary rise that it witnessed yesterday, to resume the expected bearish wave on the intraday basis, which its targets begin by testing 1.0333$, which breaking it represents the key to head towards 1.0250$ as a next main station.

The EMA50 keeps supporting the suggested bearish wave, while breaching 1.0475$ will push the price to achieve additional gains and achieve bullish correction that its next target reaches 1.0563$ areas.

The expected trading range for today is between 1.0310$ support and 1.0460$ resistance

Trend forecast: Bearish

Bitcoin price (BTCUSD) achieved initial break to 95195.00$ and attempts to hold below it, to open the way to head towards the next correctional target at 90750.00$, to keep the negative scenario valid and active for the upcoming period conditioned by the price stability below 95195.00$ and 96555.00$ levels.