The USDJPY pair provided clear negative trades yesterday after retesting the broken neckline of the head and shoulders’ pattern that appears on the chart, and the price falls under continuous negative pressure that comes by the EMA50, to keep the bearish trend valid and active in the upcoming sessions, which targets 106.78 mainly.

Holding below 108.10 is important to continue the expected decline, as breaching it will lead the price to return to the correctional bullish track again, to achieve positive targets that start at 108.93.

The expected trading range for today is between 106.80 support and 108.10 resistance

The expected trend for today: Bearish

The GBPUSD pair traded with strong positivity yesterday to breach 1.2476 level and rallies towards the bearish channel’s resistance that appears on the chart, noticing that stochastic continues to provide the overbought signals, which we believe it will assist to push the price to rebound bearishly and resume the main bearish trend again.

Therefore, we suggest witnessing negative trades in the upcoming sessions conditioned by the price stability below 1.2580, noting that breaking 1.2500 will reinforce the expectations of continuing the bearish trend that its next main target located at 1.2300.

The expected trading range for today is between 1.2450 support and 1.2620 resistance.

The expected trend for today: Overall Bearish

The EURUSD pair provided positive trades yesterday that stopped before reaching 1.1295 level, to show some slight bearish bias now, to keep the price confined between the key levels represented by the mentioned resistance and 1.1180 support, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

We remind you that breaching the resistance will lead the price to recover and achieve positive targets that start at 1.1350 and extend to 1.1443, while breaking the support will press on the price to resume the bearish track on the short term and medium term basis, as the next main target is located at 1.1100.

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

The expected trend for today: Depends on the above mentioned levels

Crude oil price succeeded to achieve our first waited target at 56.00 and approached the second one at 54.47, to keep the negative scenario active for the upcoming period, noting that the price might witness some positive attempts affected by stochastic positivity before resuming the bearish bias again.