The USDJPY price tested 145.36 level again and kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, which targets 142.15 areas mainly.

The EMA50 forms continuous negative pressure against the price to support the expectations to decline, reminding you that breaching 145.36 will push the price to build bullish wave and achieve gains that start at 146.90 and extend to 148.53.

The expected trading range for today is between 143.75 support and 145.40 resistance

Trend forecast: Bearish

The GBPUSD price continues to decline to approach our first waited target at 1.3124$, which represents 23.6% Fibonacci correction level for the rise from 1.2664$ to 1.3265$, which means that breaking it will extend the bearish wave to reach 1.3036$ areas as next negative stations.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3235$ will stop the negative scenario and lead the price to rise again.

The expected trading range for today is between 1.3075$ support and 1.3225$ resistance.

Trend forecast: Bearish

The EURUSD price confirmed breaking the bullish channel’s support line to start bearish correction for the rise measured from 1.0777$ to 1.1200$, on its way to test 1.1040$ as a first correctional target, noting that breaking it will push the price towards 1.0990$ followed by 1.0940$ levels as next negative stations.

Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 1.1100$ followed by 1.1125$ levels will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.0990$ support and 1.1145$ resistance.

Trend forecast: Bearish

Ethereum price (ETHUSD) trades positively to breach 2545.00$ level, but as long as the price is below 2623.77$, our bearish overview will remain valid for the upcoming period, reminding you that we are waiting to visit 2340.00$ followed by 2168.74$ as main negative stations.