EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we recommend referring back to it to insure the anticipated moves for the pair today. Keep in mind the importance of the daily closing remaining above 1.2915 to maintain chances of resuming expectations. 
The trading range for today is among the key support at 1.2825 and the key resistance at 1.3145.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair succeeded in surpassing the pivotal resistance of 1.5555, accompanied by momentum indicators entering overbought areas and therefore we might witness some minor bearish correction to retest the broken level, beforeresuming the expected bullish intraday direction; next targets start at 1.5700 then 1.5785. It is vital that the four hour closing remain above 1.5555 to maintain chances of expectations prevailing.
The trading range for today is among the key support at 1.5470 and the key resistance at 1.5785.The short term trend is to the downside as far as 1.6070 remains intact with targets at 1.3800.
USDJPY
The pair stabilized above yesterday’s breached resistance level – currently turning into support at 84.65 – with clear overbought signs appearing through momentum indicators, where we think will force the pair to attempt some bearish movement to retest the breached level. This is then followed by a bullish rebound that the pair will achieve through it an expected bullish intraday trend. The awaited targets start at 85.90 then 86.75, but note the importance of the daily closing remaining above 84.65 for expectations to prevail.
The trading range for today is among the key support at 84.00 and the key resistance at 86.75.The short term trend is to the downside as far as 91.55 remains intact with targets at 79.60.
USDCHF
The pair is trading within a narrow range since yesterday, where it is facing difficulties in reaching the awaited resistance level at 1.0085. The stochastic is negatively pressuring the pair, thus supporting expectations regarding achieving a bearish intraday direction, alongside SMA 50 forming resistance for the bearish wave that is organizing within the descending channel shown below. Keep in mind that the pair built a base above 1.0085 that may postpone resuming the awaited downside movement for today and leading towards visiting the resistance level for the descending channel around 1.0215.
The trading range for today is among the key support at 0.9880 and the key resistance at 1.0155.The short term trend is to the upside as far as 0.9905 remains intact with targets at 1.1120.
USDCAD
The pair was able to relieve momentum appearing on Stochastic yesterday, currently trading near from pivotal support 1.0245 shown in the chart below. The present bullish momentum could push the pair to retest the previously breached 1.3045, meeting with SMA 50 and thus adding strength to this resistance. Therefore, we expect a bearish reversal from this level so the pair may achieve the expected bearish intraday direction in overall trading today. Its key targets are at 1.0215 then 1.0105, but note the importance of building a base below 1.0345 to maintain chances of expectations continuing.
The trading range for today is among the key support at 1.0105 and the key resistance at 1.0425.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 [email protected] www.ecpulse.com