Boeing's stock (BA) rallied in the intraday levels, trespassing the resistance of the 50-day SMA, while tackling the ceiling of a descending price channel that guided recent trading, with negative signals from the RSI.

Therefore we expect more gains for the stock, targeting the resistance of 240.80, provided it settles above 221.10.

Expected trend for today: Bullish 

The CADCHF pair formed strong correctional bearish attack recently after touching 0.7382 barrier, suffering losses and approaching 23.6% Fibonacci correction level that forms initial support at 0.7311.

The upcoming scenario depends on the strength of the mentioned support, as its stability allows us to expect the beginning of gathering the positive momentum to target some positive levels that start at 0.7335 and 0.7360.

The expected trading range for today is between 0.7300 and 0.7335

The expected trend for today: Bullish

The EURJPY price failed to hold above 129.75 level, affected by the frequent negative pressures caused by stochastic crawl below 50 level, to force it to form strong negative trades and record 128.70.

The stability within the bearish channel allows us to suggest more negative attempts, to target new negative levels that might start at 128.05 followed by 126.65.

The expected trading range for today is between 129.20 and 128.05

The expected trend for today: Bearish

The GBPJPY pair formed more negative trades yesterday, achieving the target at 149.60 that forms the extension of the main bullish channel’s support line that appears on the chart.

Note that the continuous negative momentum coming by the major indicators will increase the chances of breaking the current support, to move to new bearish track that might force it to suffer big losses by reaching 148.55 and 146.60 levels, thus, we recommend to stay neutral now and wait the next close to manage to confirm the next main trend.

The expected trading range for today is between 149.25 and 150.00

The expected trend for today: Neutral