EURUSDThe pair pushed to the upside achieving yesterday’s suggested scenario that has halted around 1.2950 due to the negativity of momentum indicators. We expect the pair to attempt some minor bearish correction before resuming the expected bullish intraday trend in an attempt to attack 61.8% Fibonacci correction at 1.2985 and insure the way towards more bullishness over short term basis. Keep in mind that, the breach of 1.2775 will weaken chances of achieving more bullish activity. 
The trading range for today is among the key support at 1.2775 and the key resistance at 1.3250..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair closely neared the awaited key target around 1.5500, since it is showing signs of a bearish reversal correction for the last bullish wave, in an attempt to rid of the clear negative momentum appearing in the four- hour chart below. In overall, we expect a bullish intraday trend where initial targets are at 1.5580, but keep in mind that a clear breach of 1.5350 could postpone achieving this awaited ascend.
The trading range for today is among the key support at 1.5250 and the key resistance at 1.5700..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPYThe pair succeeded in achieving yesterday’s suggested scenario flawlessly that is currently at the key suggested target at 86.95 – the bottom recorded in the beginning of the current month -, supporting this level is the positivity of momentum indicators that could push the pair to bullishly correct before continuing the expected bearish intraday direction. Upcoming technical targets are around 85.95 then 84.80, but keep in mind the importance of stabilizing below 88.00 t maintain chances of achieving these expectations.
The trading range for today is among the key support at 84.80 and the key resistance at 88.00..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair was able to achieve the awaited bearish trend due to support from the breach of the symmetrical triangle’s support shown below. The pair is finding a difficult time in surpassing 1.0400, supported by oversold signs appearing on momentum indicators; therefore, some fluctuation may be witnessed until the bullish momentum is gotten rid of and then heads to resume the expected bearish intraday direction; targeting 1.0250 initially. Stability below 1.0540 is essential for the expected bearish trend to prevail.
The trading range for today is among the key support at 1.0250 and the key resistance at 1.0565..The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCAD
The pair strongly pushed to the upside breaching resistance for the sideway range shown below, which currently resides above SMA 50. Yesterday’s closing was below 1.0405 and thereby maintaining chances of returning within the bearish path intact, although we may witness some minor upside movement today that may touch 1.0470 before continuing the expected bearish intraday trend.
The trading range for today is among the key support at 1.0180 and the key resistance at 1.0470..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