EUR USD
The pair succeeded in achieving yesterday’s suggested scenario flawlessly, touching resistance for the current bullish channel. Momentum indicators are showing negative signs that may force the pair to activate some bearish correction before attempting to achieve more expected bullish intraday movement, as its initial targets will start with the breach of resistance for the bullish channel at 1.2760 and head towards 1.2975 mainly. We point out that, building a base above 1.2580 is vital to insure that these expectations prevail. 
The trading range for today is among the key support at 1.2600 and the key resistance at 1.2975.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBP USD
The pair continued its bullish push since yesterday to achieve; 1- the breach of 1.5080 causing the previous sideway range returning. 2- the breach of the retesting support for the previously breached ascending channel. 3- the breach of resistance for the key bearish trend at 1.5200, shown in the chart above. The resistance level for the sideway range currently stands as a strong barrier in front of the pair’s volatile push, supported by the negativity appearing on momentum indicators and therefore causing some fluctuation to retest the breached key resistance that has presently turned into support at 1.5200, before heading towards resuming the expected bullish intraday trend. Technical targets start at 1.5315 and then attempt to surpass this level to head towards 1.5500, but keep in mind that the breach of 1.5170 could postpone achieving this scenario.
The trading range for today is among the key support at 1.5080 and the key resistance at 1.5500..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USD JPY
The pair was not able to insure the breach of pivotal support between 88.40 – 88.20 as it bullishly rebounds to form a bullish technical pattern, where its neckline is at 89.15. This pattern makes us expect a bullish intraday direction and requires a clear breach of the mentioned neckline that paves the way towards 89.90 then 90.60. Momentum indicators are near overbought areas, thus causing some missed fluctuation while awaiting the expected breakout.
The trading range for today is among the key support at 88.00 and the key resistance at 90.60..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USD CHF
After achieving the awaited breach yesterday of 1.0560, the pair has rebounded to the upside due to the positivity on momentum indicators keeping in mind that this ascend will be wedged within both ends of the bullish wedge pattern that make us expect this ascend to be temporary. We expect the bearish intraday trend to be resumed that will start with the breach of this pattern at 1.0550 and towards the first awaited target at 1.0415. Keep in mind that stability above 1.0600 will weaken chances of achieving the bearish trend today.
The trading range for today is among the key support at 1.0415 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.
USD CAD
The pair stabilized below 61.8% Fibonacci correction, shown in yesterday’s midday report, and thereby maintaining the bearish direction scenario intact. Momentum indicators are moving within oversold areas, which could cause an ongoing sideway fluctuation to retest 1.0340. Keep in mind the importance of 1.0405 remaining intact to maintain chances of achieving these expectations.
The trading range for today is among the key support at 1.0175 and the key resistance at 1.0405..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