EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour basis, which signals the possibility that the bullish correction topped at 61.8% Fibonacci at 1.2985 and the pair returns to the previous bearish direction. 
From here, the breach of 1.2845 will activate the intraday bearishness which requires the breach of the support at 1.2845 then 1.2775 heading towards areas below 1.2700. Keep in mind that the breach of 1.2985 will reactivate the bullish scenario mentioned yesterday. .The trading range for today is among the key support at 1.2725 and the key resistance at 1.2985..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSD
The pair is trapped between 38.2% and 61.8% Fibonacci correction, where it seems that the bullish momentum is declining on Stochastic over four hour basis. Signs of a bearish technical pattern are currently appearing and will be completed if the pair succeeds in building a base below 1.5355, and then head towards 1.5155 once again. Therefore, we expected a bearish intraday direction targeting 1.5155 then 1.5080, but keep in mind that the breach of 1.5355 will cause this suggested scenario to fail and push the pair to the upside once again.
The trading range for today is among the key support at 1.5080 and the key resistance at 1.5450..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
The pair managed to breach the mentioned resistance yesterday although the 50 MA halted the pair’s move due to additional support from Stochastic that is showing negative signs, thereby we expect the pair to breach the support for the minor ascending channel shown below. These factors make us expect a bearish move over intraday basis that will start with the breach of 86.95, targeting 85.95. This scenario requires stability below 87.70.The pair managed to breach the mentioned resistance yesterday although the 50 MA halted the pair’s move due to additional support from Stochastic that is showing negative signs, thereby we expect the pair to breach the support for the minor ascending channel shown below. These factors make us expect a bearish move over intraday basis that will start with the breach of 86.95, targeting 85.95. This scenario requires stability below 87.70.
The trading range for today is among the key support at 85.95 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 reached halfway towards targets yesterday, although it returns to fluctuate once again near the pivotal resistance at 1.0545 that has become the neckline for the bullish technical pattern, which makes us expect a bullish intraday move with key targets at 1.0675. Stochastic is moving to the upside which supports the possibility of the breach. Keep in mind that the breach 1.0450 can fail the expected scenario. 
The trading range for today is among the key support at 1.0450 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 declined yesterday inline with our bearish scenario and neared the first awaited target at 1.0365. Some possible fluctuation from the positivity of momentum indicators is expected to retest 1.0425 before extending the bearishness over intraday basis targeting areas from 1.0310. These expectations require trading to stabilize below 1.0510.
The trading range for today is among the key support at 1.0275 and the key resistance at 1.0580..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