EURUSD
The pair continued its upside trend yesterday touching resistance for the bullish channel once again that meets with 50% Fibonacci correction. Momentum indicators are still showing negative signs that maintain chances of a minor bearish correction intact, but in overall where we expect a bullish intraday trend; targeting 1.2975 mainly and require stability above 1.2610 to insure chances of achieving expectations. 
The trading range for today is among the key support at 1.2610 and the key resistance at 1.2975..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair stabilized above 1.5230 while continuing to fluctuate near this level due to the negative signs on momentum indicators. Stabilizing above pivotal support between 1.5230 – 1.5200 will maintain its targets at 1.5300, and then ascend more towards 1.5500. It is vital that a base above 1.5130 to maintain chances of achieving these expectations.
The trading range for today is among the key support at 1.5130 and the key resistance at 1.5500..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
As previously warned in yesterday’s midday report, the negative pressure on the pair was able to complete the bearish technical pattern without the need to clearly breach 88.00. This breach will cause the expected bearish trend scenario to return, shown in our report in the beginning of the week. Stability below SMA 50 encourages us to expect the breach of the mentioned level and then pave the way towards achieving the bearish intraday direction; starting at 86.95 that requires stability below 89.15.
The trading range for today is among the key support at 86.95 and the key resistance at 89.15..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair succeeded in breaching pivotal support 1.0560 – 1.0550 and stabilizes below it to start yesterday’s suggested bearish wave. The stochastic is showing negative signs that will push the pair to retest the breached level before continuing the expected bearish intraday trend, where the initial target is around 1.0415. It is vital that stability is below 1.0600 to maintain chances of achieving this scenario intact.
The trading range for today is among the key support at 1.0365 and the key resistance at 1.0675..The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCAD
The pair due to the positivity on momentum indicators has pushed towards achieving a weak breach of pivotal resistance 1.0340, while the pair clearly lost bullish momentum on the four-hour chart. This current negative momentum makes us expect the pair to continue within the bearish trend, and then resume the expected bearish intraday direction that will start its key targets at 1.0175. Keep in mind the importance of stability below 1.0405 to achieve this suggested scenario.
The trading range for today is among the key support at 1.0175 and the key resistance at 1.0445..The short term trend is to the upside as far as 0.9925 remains intact with targets at 1.1485.
By: Yasir Mubarak
Senior Technical Analyst
yasir.mubarak@ecpulse.com
www.ecpulse.com