The USDJPY pair succeeded to confirm breaching the triangle’s resistance that appears on image, and as we mentioned in our last technical update, this breach leads the price to achieve positive targets that mainly begin at 121.83, noting that breaching this level will offer and important positive key to extend the pair’s gains to reach 124.00 areas.

The EMA50 offers good support to the price from below, reinforcing the chances of continuing the bullish trend in the upcoming period, which requires holding above 120.10 level to keep the chances of achieving the suggested targets.

Expected trading range for today is between 120.00 support and 122.00 resistance.

Expected trend for today: Bullish

The GBPUSD pair approached from the bullish channel’s support that appears on image and bounced bullishly to settle above 1.5495, which offers signals on resuming the main bullish trend suggested in our last reports, while the price gets good support from stochastic positivity.

Therefore, the bullish trend will be expected in the upcoming sessions, and the price needs to breach 1.5570 level to ease the mission of achieve positive targets that mainly begin at 1.5870 then 1.6000, noting that breaking 1.5435 level will stop the suggested positive overview and push the price to turn its intraday and short term track to the downside.

Expected trading range for today is between 1.5435 support and 1.5650 resistance.

Expected trend for today: Bullish

The EURUSD pair approaches gradually from the key support base 1.1050, which represents the previously breached neckline of the double bottom pattern that appears on image, and as long as the price is above this level, we believe that the chances are valid to bounce bullishly and resume the positive effect of the mentioned pattern followed by heading to achieve positive targets on the short term basis.

Now, the bearish bias will be suggested temporarily until retesting the above mentioned level, taking into consideration that breaking 1.1050 level will extend the pair’s losses to reach 1.0850 areas as a next main station.

Expected trading range for today is between 1.1050 support and 1.1250 resistance.

Expected trend for today: Temporarily bearish 

Crude oil price shows clear bearish bias to approach from testing the critical support 58.18, which requires caution from the upcoming trading, as breaking this level will complete forming a double top pattern that appears on the above chart, which will push the price to suffer more losses that its initial targets at 38.2% Fibonacci at 55.50.

Holding above 58.18 level and bouncing upwards to breach 60.30 will revive the overall positive scenario again and stop the current negative pressure.