The USDJPY price keeps rising to succeed reaching the new waited target at 156.80, and we suggest surpassing this level to achieve more rise in the upcoming period, organized inside the bullish channel that appears on the chart, noting that the next target reaches 158.00 areas.

The RSI negativity might hinder the mission to rise and cause some sideways fluctuation, noting that the consolidation of 156.80 level against the positive attempts will push the price to rebound bearishly and head to test 154.00 areas before any new positive attempt.

The expected trading range for today is between 155.60 support and 157.20 resistance

Trend forecast: Bullish

The GBPUSD price provided positive trades yesterday to approach the key resistance 1.2735$, and returns to decline to press on the bearish channel’s support line, waiting to surpass this support to achieve our next main target at 1.2566$.

Therefore, our bearish overview will remain valid and active, taking into consideration that breaching 1.2735$ will push the price to achieve additional gains that reach 1.2865$.

The expected trading range for today is between 1.2600$ support and 1.2750$ resistance

Trend forecast: Bearish

The EURUSD price managed to touch our waited target at 1.0510$, and bounced bullishly to test the bearish channel’s resistance line that appears on the chart, while stochastic loses its positive momentum gradually, waiting to assist to push the price to resume the expected bearish trend on the intraday and short-term basis, which its next target reaches 1.0400$ areas.

The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.0580$ will lead the price to start bullish correction before turning back to decline again.

The expected trading range for today is between 1.0460$ support and 1.0610$ resistance

Trend forecast: Bearish

Ethereum price (ETHUSD) resumes its negative trading to approach 3042.50$ level, noticing that the price completes forming head and shoulders’ pattern that we expect to push the price to break the mentioned level followed by heading to achieve more negative targets in the upcoming sessions, as the next target reaches 2825.00$, while the expected decline will remain valid unless the price rallied to breach 32620.00$ and hold above it.

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