The USDJPY price bounced downwards strongly in the previous sessions to approach our waited extended target at 148.65, noticing that the price shows some slight bullish bias affected by the RSI positivity, while the EMA50 forms continuous negative pressure against the price.

The GBPUSD price shows clear rise by today’s open to reach 1.2700$ barrier now, waiting for more positive trades to head towards the main expected target at 1.2765$, supported by the EMA50.

The EURUSD price opens this week with clear positivity to move away from 1.0455$ level, reinforcing the expectations of continuing the bullish trend inside the bullish channel that appears on the chart, motivated by stochastic positivity that appears clearly now.

Despite forming minor bullish channel recently, the GBPCHF price frequent consolidation below 1.1420$ barrier decreases the chances of resuming the rise now, to notice forming correctional bearish rebound by touching 1.1355.

We notice stochastic exit from the overbought areas to increase the temporary negative pressures on the price and allow us to suggest more decline to target 1.1320 and 1.1285$ levels soon.

The expected trading range for today is between 1.1320 and 1.1400$

Trend forecast: Bearish