The USDJPY pair rallied upwards strongly to surpass our first target at 135.35 and settles above it, starting today with more rise to reinforce the expectations of continuing the main bullish trend, organized inside the bullish channel that appears on the chart, reminding you that our next target is located at 137.70.

The EMA50 supports the continuation of the suggested bullish wave, waiting to get positive momentum that adds more confirmation to head towards the waited targets, taking into consideration that breaking 135.40 might push the price to test 134.65 areas before any new attempt to rise.

The expected trading range for today is between 135.30 support and 136.85 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to achieve our first waited target at 1.2472, noticing that the price broke it and ended last Friday below it, to hint heading to achieve more bearish correction.

On the other hand, we notice that the price consolidates above the main bullish trend line that appears on the chart, accompanied by witnessing clear positive signals through stochastic that might push the price to recover in the upcoming sessions.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaking 1.2440 support will push the price to rally towards 1.2345 direct, while breaching 1.2472 resistance represents the key to resume the main bullish trend and head towards 1.2550 followed by 1.2600 levels as initial positive stations.

The expected trading range for today is between 1.2360 support and 1.2540 resistance.

The expected trend for today: Neutral

The EURUSD pair ended last Friday below 1.0865 level, to add more confirmation to the continuation of the bearish correction domination, paving the way to head towards 1.0795 as a next main target.

The EMA50 forms continuous negative pressure against the price to support the continuation of the expected bearish trend, while it might witness some sideways fluctuation affected by stochastic positivity, waiting to get negative motive to push the price to achieve the waited target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0865 followed by 1.0880 levels will stop the bearish wave and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.0770 support and 1.0920 resistance.

The expected trend for today: Bearish

The EURUSD pair succeeded to achieve our waited target at 1.0865 and broke it to close the last four hours’ candlestick below it, opening the way to achieve more bearish correction and head to visit 1.0795 areas as a next main station, to keep the bearish bias suggested in the upcoming sessions, noting that breaching 1.0865 and holding above it is considered as the first positive key to attempt to recover and return to rise again.