EURUSD
The pair is trading within a relatively narrow range as head a number of attempts to touch the awaited level at 1.2255. The morning scenario remains intact unless four-hour closing is set above 1.2295.
The trading range for today is among the key support at 1.2060 and the key resistance at 1.2325.
The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSD
The pair ascended to surpass 38.2% Fibonacci; however, the 50% level (shown above) stopped the pair’s move, according to the suggested morning scenario. Our expectations remain intact as we await targets that require trading to remain below 1.4405.
The trading range for today is among the key support at 1.4095 and the key resistance at 1.4405.
The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.4000.
USDJPY
The pair settled for reaching 91.15 and started descending to currently near the pivotal support at 91.00. More bearish intraday movement is expected, although some fluctuation to retest 91.45 could be witnessed before it heading towards the next target at 90.20.
The trading range for today is among the key support at 90.20 and the key resistance at 92.75.
The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair’s trading has been dominated by a narrow range since this morning and there was no major changes to our morning scenario; our expectations remain intact as far as 1.1365 remains intact.
The trading range for today is among the key support at 1.1305 and the key resistance at 1.1685.
The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2000.
USDCAD
The pair stabilized upon 1.0385 though we expected the base to be build at 1.0370, where the pair rushed to the upside to breach resistance for the ascending short term channel at 1.0470; nearing the key target for today at 1.0550. Momentum indicators are providing negative signs that may cause some fluctuation and retest the breached level that has currently turned into support before it continues the expected bullish intraday direction. Breaching 1.0430 could postpone the expected bullish move for today.
The trading range for today is among the key support at 1.0295 and the key resistance at 1.0665.
The short term trend is to the downside as far as 1.0780 remains intact with targets at 0.9705.
