The price of (EURUSD) kept declining in its last intraday trading, affected by breaking main bullish trend line on the short-term basis, with a dynamic negative pressure that is represented by its trading below EMA50, intensifying the possibilities of more downside moves on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators.

CHFJPY recorded several gains in the last period, taking advantage of its stability within the bullish channel levels and forming key extra support at 195.90 level, which forces it to form some bearish corrective waves by reaching 197.35.

Despite stochastic attempt to provide negative momentum, the main stability within the bullish channel’s levels by forming extra key support at 195.90 level, which makes us wait for gathering positive momentum to ease the mission of breaching the previously mentioned barrier, to open the way for recording extra gains that might begin at 199.30 reaching the bullish channel’s resistance at 200.60.

The expected trading range for today is between 196.60 and 198.60

Trend forecast: fluctuated

The EURJPY pair began activating with the main indicators’ positivity, to end the bearish corrective attempts after hitting 183.40 level, which represents an extension for the main bullish channel’s support.

Note that renewing the bullish attack requires surpassing extra barrier at 184.40, therefore, we expect the price confinement within these levels until breaching the barrier, to begin recording clear gains by its rally towards 184.85 and 185.40.

The expected trading range for today is between 183.40 and 184.10

Trend forecast: sideways

The GBPJPY pair repeatedly providing weak sideways trading by its fluctuating near 210.70 level, affected by the contradiction between the main indicators, while the negative stability below 211.30 barrier keeps the bearish correction scenario, which might target 209.70 level reaching 209.10 support.

Note that surpassing the barrier and holding above will confirm its readiness to renew the bullish attempts, to expect recording new gains by its rally towards 211.90 and 212.65.

The expected trading range for today is between 209.30 and 211.20

Trend forecast: Bearish