The USDJPY pair continued its negative trading to settle now near the key support 117.90, which represents 23.6% Fibonacci level for the rise measured from 105.20 to 121.83, thus, breaking this support will push the price to turn back to the bearish correctional track again, and the next target at 115.50.

On the other hand, stochastic shows positive signals that might add strength to the above mentioned support followed by attempts to regain the bullish trend again, but the price needs to breach 119.60 followed by 120.45 levels to confirm resuming the bullish trend.

Therefore, we prefer staying aside temporarily in order to monitor the price behavior according to the key levels represented by 117.90 support and 119.60 then 120.45 resistance.

Expected trading range for today is between 117.00 support and 120.00 resistance.

Expected trend for today: Neutral

The GBPUSD pair ended last Friday’s trading with clear positivity, but the weekly candlestick close was below the bearish channel’s support, which reinforces the chances of continuing the overall bearish trend, which mainly depends on holding below 1.5370.

Stochastic positivity interprets the positive attempts, reminding you with the waited targets that begin at 1.5000 and extend to 1.4800.

Expected trading range for today is between: 1.5000 support and 1.5250 resistance.

Expected trend for today: Bearish

The EURUSD pair shows weak moves with this week’s opening, to fluctuate around 1.1850 level, while the price still below the key resistance 1.2041, which keeps the bearish trend scenario valid until now, waiting to target 1.1640 areas as a next main station.

Stochastic shows positive signal that might push the price for recovery attempts that targets retesting the mentioned resistance, noting that breaching this resistance will lead the pair for more positivity that its targets reach to 1.2170 followed by 1.2300.

Expected trading range for today is between: 1.1700 support and 1.1900 resistance.

Expected trend for today: Bearish

The NZDUSD pair trades in sideways track since morning and it settles now around 0.7815, while stochastic provides negative signals that might push the price for an intraday decline.

In general, the sideways trading scenario remains valid between 0.7620 support and 0.7905 resistance until breaching one of these levels to detect the next targets clearly, which we mentioned in our morning report.

Expected trading range for today is between: 0.7730 support and 0.7905 resistance.

Expected trend for today: Sideways