EURUSDThe pair neared the awaited primary first target around 1.2625 rebounding to the upside due to the effect of bullish momentum appearing on the four hour chart, where the pair is losing this momentum ; whereas SMA 50 is forming resistance for the bearish shot term trend. Thus, we can expect a bearish intraday direction; targeting 1.2570, keeping in mind the importance the daily closing below 1.2730 to maintain chances of achieving it. 
The trading range for today is among the key support at 1.2470 and the key resistance at 1.2770.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair succeeded in breaching support 1.5400 to near the suggested primary targets, where it is currently trading near the breached support level in an attempt to retest it. Therefore, we can expect a bearish reversal so the pair may achieve the suggested bearish intraday direction; targeting 1.5235 then 1.5160 mainly and requires the four hour closing below 1.5485 to prevail.
The trading range for today is among the key support at 1.5160 and the key resistance at 1.5555.The short term trend is to the downside as far as 1.6070 remains intact with targets at 1.3800.
USDJPYThe pair gradually neared the awaited minor resistance level at 84.85, accompanied by stochastic nearing overbought areas; therefore, yesterday’s scenario will remain intact, where the expected direction for today is bearish as it starts to build its base on the mentioned resistance level to head afterwards towards targets that start at 83.05. The breach of 84.85 and stabilizing above it will postpone resuming the suggested bearish targets.
The trading range for today is among the key support at 82.55 and the key resistance at 85.75.The short term trend is to the downside as far as 91.55 remains intact with targets at 82.60.
USDCHF
The pair stabilized below pivotal support and the most vital 1.0200, but through the four hour image below the pair’s bearish trend is wedged between both ends of the falling wedge, where the pair is around its current support accompanied by momentum indicators showing negative signs that encourage us to expect a bullish intraday direction; targeting chiefly this falling wedge’s resistance at 1.0325, which requires two vital factors to prevail. One, a clear breach of 1.0215 and the second is building a base above 1.0130.
The trading range for today is among the key support at 1.0000 and the key resistance at 1.0325.The short term trend is to the upside as far as 1.0035 remains intact with targets at 1.1120.
USDCADThe pair pushed to the upside after building a base on 1.0575,but we find that the rising wedge pattern has appeared on the hourly chart that has breached its support; therefore paving the way towards achieving some bearish correction, where we expect it to touch 1.0595 before heading towards resuming the bullish intraday trend. The main target is around 1.0730 – resistance for the bullish short term direction, which requires the breach of support between 1.0510 – 1.0470 weakening achieving the awaited ascend.
The trading range for today is among the key support at 1.0510 and the key resistance at 1.0825.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