The USDJPY price bounced bearishly after approaching 159.00 barrier, to press on the bullish channel’s support line and move below it, but we notice that the EMA50 attempts to stop the negative pressure to support the chances of recovering again.

Therefore, we will keep our overall bullish overview, and the price needs to trade above 158.05 to reinforce the chances of heading towards 160.00 that represents our next main target, noting that breaking 157.35 will stop the bullish wave and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 156.90 support and 158.45 resistance

Trend forecast: Bullish

The GBPUSD price provided new strong negative trades to surpass 1.2200$ barrier and open the way to continue the decline on the short-term and medium-term basis, organized inside the bearish channel that appears on the chart, noting that we are waiting to visit 1.2115$ followed by 1.2065$ levels as next main targets.

Holding below 1.2300$ is important to the continuation of the expected decline, as breaching it might push the price to build intraday bullish wave that targets testing the bearish channel’s resistance line around 1.2515$ before any new negative attempt.

The expected trading range for today is between 1.2090$ support and 1.2250$ resistance

Trend forecast: Bearish

The EURUSD price settles at 1.0220$ level that forms good support against the price, waiting to break this level to confirm opening the way to decline on the intraday and short-term basis, as our next target is located at 1.0100$.

The EMA50 continues to press negatively on the price to support the expectations of continuing the bearish trend, noting that failing to achieve the required break will lead the price to start recovery attempts and achieve gains that start at 1.0325$ and might extend to 1.0385$ before any new attempt to decline.

The expected trading range for today is between 1.0150$ support and 1.0300$ resistance

Trend forecast: Bearish

Ethereum price (ETHUSD) trades positively to head towards potential test to the key resistance 3425.50$, as it is affected by stochastic positivity that loses the positive momentum clearly, waiting to resume the correctional bearish trend that its targets begin by breaking 3222.00$ and extend to 3017.30$.

Holding below 3425.50$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve more gains and attempt to regain the main bullish trend again.

The expected trading range for today is between 3170.00$ support and 3425.00$ resistance.

Trend forecast: Bearish