EURUSDThe pair is trading within a narrow range since this morning with bearish bias in an attempt to touch the awaited support at 1.2610. Our morning expectations remain intact. 
The trading range for today is among the key support at 1.2470 and the key resistance at 1.2840..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair breached the resistance for the sideway range at 1.5230, but returned to descend noticeably and trade within the range shown this morning, as it neared its support at 1.5080, due to negative signs on momentum indicators. We expect this bullish intraday direction to prevail although it requires a clear breach of 1.5230, in addition to building a base above 1.5080. Keep in mind that the breach of the last support level could cause a quick descend taking the pair below 1.5000.
The trading range for today is among the key support at 1.5080 and the key resistance at 1.5360..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPYThe pair is fluctuating around the retest level mentioned this morning at 88.20, showing evident negative pressure on the pair from momentum indicators. The expected bullish intraday direction remains intact as long as the four-hour closing is above 87.90.
The trading range for today is among the key support at 87.00 and the key resistance at 89.45..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHFThe pair neared the resistance level for the bearish channel shown above, which currently has descended to 1.0560; therefore, the suggested morning scenario has been activated. The possibility for the expected bearish intraday scenario remains high as long as trading is below 1.0570 – 1.0600.
The trading range for today is among the key support at 1.0350 and the key resistance at 1.0640.The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCADThe pair retested the breached pivotal support level mentioned this morning around 1.0480, activating the bearish intraday move expected. Our morning expectations remain intact and will not fail unless 1.0540 is breached.
The trading range for today is among the key support at 1.0265 and the key resistance at 1.0540..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