The USDJPY pair managed to breach 122.62 level and hold with a daily close above it, which supports the continuation of our bullish overview and stop the bearish correction that dominated the recent trades, waiting to continue the rise to head towards 123.40 followed by 125.00 levels as next main stations.

The EMA50 supports the expected rise, which will remain valid unless breaking 122.62 and holding below it.

The expected trading range for today is between 122.30 support and 123.40 resistance

The expected trend for today: Bullish

The GBPUSD pair fluctuates within sideways track since yesterday, settling below 1.3145, to keep the bearish trend scenario active for the upcoming period, supported by the EMA50 that presses negatively on the price, waiting to visit 1.3000 as a main target.

We remind you that the continuation of the bearish wave depends on the price stability below 1.3145.

The expected trading range for today is between 1.3020 support and 1.3160 resistance.

The expected trend for today: Bearish

The EURUSD pair confirmed breaking the bullish channel’s support line after ending yesterday below it, to reinforce the expectations of extending the bearish wave on the intraday basis, reminding you that our next target is located at 1.0900, which breaking it represents the key to rally towards 1.0775.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.1000 and holding above it.

The expected trading range for today is between 1.0890 support and 1.1030 resistance.

The expected trend for today: Bearish

Brent oil price soared to breach 105.05 level and heads to recover in the upcoming sessions, and we expect to continue rising towards 110.05 as a next positive target, taking into consideration that failing to surpass 108.00 will put the price under the negative pressure again.