The USDJPY pair bounced bearishly after testing 117.90 level yesterday, to keep the bearish correctional trend valid and active until now, waiting to test 115.50 level initially, which breaking it represents the key to extend the bearish correction towards 113.50.

The EMA50 continues to support the expected bearish wave, which will remain valid and active unless breaching 117.90 followed by 118.85 levels and hold above them.

Expected trading range for today is between 115.00 support and 117.00 resistance.

Expected trend for today: Bearish

The GBPUSD pair continues to fluctuate inside the minor bullish channel that forms a bearish continuation flag pattern, which we are waiting to support resuming the main bearish trend, as the price needs to break 1.5110 level to activate the negative effect of this pattern.

On the other hand, stochastic offers a negative overlapping signal now, which supports the continuation of the bearish trend for today, which its main targets begin at 1.5000 and extend to 1.4800, while achieving it requires holding below 1.5370.

Expected trading range for today is between: 1.5000 support and 1.5265 resistance.

Expected trend for today: Bearish

The EURUSD pair closed the daily candlestick below the bearish channel’s support line that appears on chart, to get more support to the continuation of the bearish trend on the short term and medium term basis, and its attempting to break 1.1600 barrier now.

Therefore, we continue to suggest the bearish trend in the upcoming period, and the next targets reach 1.1400, while achieving it requires holding below 1.1870.

Expected trading range for today is between: 1.1500 support and 1.1750 resistance.

Expected trend for today: Bearish

Crude oil is retesting the previously breached resistance of the bearish channel that turns into support now at 46.65, and we should note that the daily candlestick below this level will turn the price back to the main bearish track again, and the price will be satisfied with today’s positive targets.