EUR/USD
The pair continues its negative pressure to attempt to retest resistance for the previously broken descending channel that had recently turned into support at 1.3660. Momentum indicators are entering oversold areas, thus; encouraging us to expect a bullish direction today over a short term trend that targets 1.3850 mainly and requires the four hour closing to remain above 1.3635.
The trading range for today is among the key support at 1.3525 and the key resistance at 1.3850.
The general trend is to the upside if we do not witness a daily close below 1.3485 with targets at 1.5150.
Support 1.3660 1.3635 1.3580 1.3525 1.3485
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Resistance 1.3730 1.3780 1.3850 1.3920 1.4000
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Recommendation Based on the charts and explanations above our opinion is buying the pair from 1.3660 targeting 1.3780 and stop loss below 1.3580, might be appropriate.
GBP/USD
The pair entered once again into yesterday's breached ascending channel in an attempt to bearishly correction, while we await to touch 38.2% Fibonacci at 1.5225 that is considered also a retesting action for the previously broken neckline shown in our previous reports. Stochastic still has some negative momentum to rid of and this is expected to touch mentioned support, followed by a possible bullish rebound that the pair will achieve through it a bullish direction over a short term basis; targets are mainly at 1.5475 and essentially require 1.5130 to remain intact for any chances to prevail.
The trading range for today is among the key support at 1.5130 and the key resistance at 1.5525.
The general trend is to the upside as far as 1.4850 remains intact with targets at 1.7000.
Support 1.5270 1.5225 1.5185 1.5130 1.5060
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Resistance 1.5345 1.5415 1.5475 1.5525 1.5555
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Recommendation Based on the charts and explanations above our opinion is buying the pair from 1.5225 targeting 1.5345 and stop loss below 1.5130, might be appropriate.
USD/JPY
The negative pressure persists due to the pressure,where it is currently at pivotal support levels around 90.10, which support for the current ascending channel that meets with MA 200, in addition to the 50% Fibonacci correction. The constant retest of the mentioned support shows a bearish technical pattern, where its neckline is at 90.00; thus, encouraging us to expect a bearish direction over a short term trend that will start with the breach of the mentioned neckline and towards 89.30 – 89.00 as primary targets, followed by 88.20. Keep in mind that these expectations require a clear breach of 90.00 in addition to 90.60 to prevail.
The trading range for today is among the key support at 88.20 and the key resistance at 91.30.
The general trend is to the downside as far as 101.65 remains intact with targets at 82.60.
Support 90.00 89.65 89.00 88.70 88.20
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Resistance 90.60 91.30 91.60 92.15 92.90
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Recommendation Based on the charts and explanations above our opinion is selling the pair with the breach of 90.00 target 91.60 and stop loss above 90.60, might be appropriate.
USD/CHF 
Main support of 1.0490 showed its strength , therefore pushing it to ascend once again to make some minor bullish correction. We expect to retest 1.0605 and meet with MA 50, followed by an expected bearish reversal that will lead the pair to achieving a possible bearish direction over a short term trend; targeting 1.0490 to pave the way for upcoming targets that start at 1.0425. Keep in mind that the breach of 1.0645 and stabilizing above it will weaken chances of achieving this scenario.
The trading range for today is among the key support at 1.0425 and the key resistance at 1.0725.
The general trend is to the downside as far as 1.1095 remains intact with targets at 0.9910.
Support 1.0530 1.0490 1.0425 1.0360 1.0300
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Resistance 1.0605 1.0645 1.0695 1.0725 1.0790
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Recommendation Based on the charts and explanations above our opinion is selling the pair from 1.0605 targeting 1.0490 and stop loss above 1.0695, might be appropriate.
USD/CAD
The effects of momentum indicators have started to appear on the pair, thus pushing it to ascend towards resistance for the sharp descending channel that controls current trading at 1.0160. MA 50 is waiting the pair there, therefore adding strength to mentioned resistance and thus makes us await an overall bearish direction for the remainder of trading today; main targets are at 1.0000 then 0.9950. Keep in mind the importance of 1.0230 remaining intact to maintain chances of achieving the expected bearish intraday.
The trading range for today is among the key support at 0.9950 and the key resistance at 1.0260.
The general trend is to the downside as far as 1.0780 remains intact with targets at 1.0000.
Support 1.0080 1.0000 0.9950 0.9865 0.9805
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Resistance 1.0160 1.0230 1.0260 1.0305 1.0365
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Recommendation Based on the charts and explanations above our opinion is selling the pair from 1.0160 targeting 1.0080 and stop loss above 1.0230, might be appropriate.
