The USDJPY pair shows sideways trades and settles around the EMA50, and as long as the price is below 106.44, our bearish overview will remain valid for the upcoming period, as breaching this level will push the price to recover and achieve gains on the intraday basis, while the price needs to break 106.00 to ease the mission of heading towards our main waited target at 105.20.

The expected trading range for today is between 105.40 support and 106.60 resistance

The expected trend for today: Bearish

The GBPUSD pair traded with strong negativity yesterday to reach 1.2800 barrier, reinforcing the expectations of continuing the bearish trend, which gets good support by the EMA50, reminding you that our main waited target is located at 1.2705.

Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 1.2880 might push the price to test 1.3000 areas again before any new attempt to decline.

The expected trading range for today is between 1.2705 support and 1.2880 resistance.

The expected trend for today: Bearish

The EURUSD pair ended yesterday negatively below the main bullish channel’s support line, as it showed mixed trades in the previous sessions, which keeps the bearish trend scenario valid and active for the upcoming period, waiting for more decline to visit 1.1720 that represents our first negative target.

Therefore, the bearish bias will be suggested for today, noting that breaching 1.1840 and holding with a daily close above it will stop the negative scenario and lead the price to return to the main bullish track again.

The expected trading range for today is between 1.1720 support and 1.1900 resistance.

The expected trend for today: Bearish

Crude oil price faces additional negative pressure to settle below 37.60, which push the price to achieve more expected decline in the upcoming period and return to the main bearish trend, on its way to visit 36.08 as a first main station.