The EURUSD pair kept declining in its recent intraday trading, to reach the support level of 1.1690, which was an expected target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.

EURCHF began receiving positive momentum in the last trading, since stochastic surpassed 50 level to keep its stability above %61.8 Fibonacci extension level at 0.9145, recording some gains by reaching 0.9215.

The continuation of the positive pressures will increase the efficiency of the bullish corrective track, to expect recording extra gains by reaching 0.9250 followed by 0.9290 resistance, which forms a confirmation key to detect the main trend in the upcoming trading.

The expected trading range for today is between 0.9170 and 0.9250

Trend forecast: Bullish if 0.9150 remains intact

The EURJPY pair began providing slow negative trading, confirming its surrender to the dominance of the bearish corrective trend, to settle near 186.25 reminding you that the main stability below 187.50 barrier, due to the negative momentum of stochastic supports the chances of resuming the corrective attempts, to keep waiting for reaching 185.65, where breaking it will open the way for suffering extra losses that might extend towards 185.30 and 184.85.

Activating the bullish trend requires a strong positive momentum, which allows it to settle above 187.75 level, to begin targeting new positive stations by its rally towards 188.40 reaching 189.20.

The expected trading range for today is between 185.65 and 187.1000

Trend forecast: Bearish

The GBPJPY pair began this morning with clear negativity due to its stability below 215.70 level, to form some corrective waves by its stability near 215.20, however forming an extra support level at 214.80 makes us wait for gathering extra positive momentum, which allows it to confirm breaching the barrier, to begin targeting new positive stations that might begin at 216.40 and 217.20.

While the decline below 214.80 and providing negative close will increase the efficiency of the bearish corrective trend to suffer more losses by targeting 214.10 and 213.55 level.

The expected trading range for today is between 214.80 and 215.70

Trend forecast: Fluctuated