The USDJPY pair faced additional negative pressure yesterday to break 107.68 level and settles below it again, as it broke the intraday bullish channel’s support line that appears on the chart, which puts the price under the negative pressure again, and we expect targeting 106.44 areas on the near term basis.

Therefore, we suggest the domination of the bearish bias in the upcoming sessions unless breaching 107.68 level and holding with a daily close above it.

The expected trading range for today is between 106.70 support and 108.00 resistance

The expected trend for today: Bearish

The GBPUSD pair rallied upwards clearly yesterday to approach our waited target at 1.2515, getting positive support by the EMA50, to support the chances of achieving more gains in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave to reach 1.2640 followed by 1.2777 levels.

Therefore, the bullish bias will remain suggested on the intraday basis, reminding you that the continuation of the bullish wave depends on the price stability above 1.2304.

The expected trading range for today is between 1.2400 support and 1.2590 resistance.

The expected trend for today: Bullish

The EURUSD pair continues to fluctuate inside the sideways range that its lines represented by 1.1175 support and 1.1270 resistance, to continue suggesting the sideways move until the price manages to surpass one of the mentioned levels.

We remind you that breaching the mentioned resistance is considered as the key to resume the main bullish trend that targets 1.1420 areas initially, while breaking the support represents negative factor that will press on the price to achieve additional bearish correction that its next targets located at 1.1100 followed by 1.1022.

The expected trading range for today is between 1.1160 support and 1.1350 resistance.

The expected trend for today: Sideways

Crude oil price tested 40.41 but it faces solid resistance there, to continue with our neutrality until breaching this resistance or breaking 37.95 support to detect the next targets clearly.