The USDJPY pair bounced downwards strongly after approaching our waited positive target at 133.30, to resume the main bearish track and return to the bearish channel again, opening the way to head towards achieving negative targets that reach 128.90 mainly.

Therefore, we suggest the continuation of the bearish trend domination on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaching 131.75 will push the price out of the bearish channel to head towards achieving new intraday gains that target testing 133.30 level again.

The expected trading range for today is between 129.80 support and 131.50 resistance

The expected trend for today: Bearish

The GBPUSD pair provided positive trades yesterday, attempting to surpass 1.2300 barrier, as it find solid resistance there, waiting for more rise in the upcoming sessions, organized inside the bullish channel that appears on the chart, reminding you that our next target is located at 1.2440.

The price needs to get positive momentum that assists to rally towards the mentioned target, noticing that the EMA50 supports the continuation of the bullish wave within the mentioned bullish channel.

The expected trading range for today is between 1.2210 support and 1.2390 resistance.

The expected trend for today: Bullish

The EURUSD pair rallied upwards strongly on yesterday’s evening to surpass the first target at 1.0800 and achieve the second target at 1.0900, affected by the FOMC rate decision, reinforcing the chances of continuing the domination of the bullish trend on the intraday and short term basis, and we suggest heading towards the previously recorded high at 1.1032 as a next positive station.

Therefore, we are waiting for more rise in the upcoming sessions, supported by the EMA50 that continues to carry the price from below, noting that breaking 1.0820 will push the price to achieve some intraday bearish correction to head towards testing 1.0745 areas before any new attempt to rise.

The expected trading range for today is between 1.0800 support and 1.0990 resistance.

The expected trend for today: Bullish

Cisco's stock (CSCO) fell in the intraday levels, while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI, marking a loss of 0.53% in the last session, or 27 cents, and settling at 50.67, while trading alongside the upward correctional short-term trend line, and buoyed by trading above the 50-day SMA line. 

Therefore we expect the stock to return higher, targeting the resistance of 53.68, provided it settles above the support of 50.00. 

Expected trend for today: Bullish