The USDJPY pair shows some bullish bias to test the key resistance 128.90 now, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the main bearish wave, which its next targets located at 125.50 followed by 123.45.
Therefore, we will keep our bearish overview within the bearish channel that appears on the chart, noting that breaching 128.90 followed by 129.70 will stop the expected decline and lead the price to start correctional bullish wave.
The expected trading range for today is between 127.80 support and 129.50 resistance
The expected trend for today: Bearish
The GBPUSD pair fluctuates near the EMA50 that forms good support against the price, noticing that stochastic shows clear positive signals now, waiting to motivate the price to resume the expected bullish wave, which its next target located at 1.2440.
Note that breaching 1.2290 will ease the mission to achieve the waited target, while holding above 1.2150 is required to continue the suggested bullish wave.
The expected trading range for today is between 1.2130 support and 1.2290 resistance.
The expected trend for today: Bullish
The EURUSD pair’s recent trades are confined within bullish pennant pattern, thus, the price needs to breach 1.0835 to get positive motive that push the price to resume the bullish wave that its next target located at 1.0915.
Therefore, we will keep our bullish overview, supported by the positive signal provided by stochastic now, reminding you that it is important to hold above 1.0745 to continue the expected rise.
The expected trading range for today is between 1.0750 support and 1.0920 resistance.
The expected trend for today: Bullish
The GBPAUD pair renewed the negative trades, to notice providing new negative pressures on the initial support at 1.7530 in order to find a way to resume the negative attack, noting that stochastic reach to the oversold areas will increase the negative pressures, waiting to achieve the required break to ease the mission of reaching the additional negative targets that start at 1.7340 and 1.7195.
The expected trading range for today is between 1.7575 and 1.7340
The expected trend for today: Bearish