EURUSD
The pair succeeded in breaching 1.2935 and headed to the upside but it is not able till now to stabilize above 61.8% Fibonacci around 1.2990. Momentum indicators are showing negative signs that might force the pair to attempt a minor bearish correction to retest the broken resistance before heading towards achieving the expected bullish intraday trend that targets 1.3165 initially. It is vital that stability is achieved above 1.2835 to activate these expectations. 
The trading range for today is among the key support at 1.2835 and the key resistance at 1.3165..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSD
The pair is finding a hard time building a base above pivotal resistance 1.5495 due to the negative effect from momentum indicators that continues trading within the main bullish channel shown below. We think that the effect of the bullish technical pattern shown in our reports yesterday is still intact; therefore, we can expect a bullish intraday trend as its key targets are around 1.5695. It is vital that 1.5360 stabilize to achieve these expectations.
The trading range for today is among the key support at 1.5360 and the key resistance at 1.5695. .The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
The pair retested the previously breached level of 87.35 and reversed to the downside to show signs of a bearish technical pattern, where its neckline is at 86.80. This makes us expect a bearish intraday direction that will start with a clear breach of the mentioned neckline and head towards targets that start at 85.95 then 85.35. This scenario requires the four-hour closing to be below 87.65 to prevail.
The trading range for today is among the key support at 85.35 and the key resistance at 88.00..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair stabilized amid the sideway range as oversold signs appear through the stochastic that may push to revisit this range’s resistance at 1.0560, before heading towards the bearish intraday direction according to our suggested scenario yesterday. This expected descend requires the four-hour closing to stabilize below 1.0560.
The trading range for today is among the key support at 1.0390 and the key resistance at 1.0670..The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCAD
The pair continues its bearish pressure below the previously breached neckline for the bearish technical pattern shown yesterday. Some fluctuation is expected due to the effect of oversold signs appearing through momentum indicators to retest 1.0350 before heading towards achieving more expected bearish movement today; targets start at 1.0180, keeping in mind the importance of building a base below 1.0400 to insure achieving these expectations.
The trading range for today is among the key support at 1.0180 and the key resistance at 1.0400..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