EURUSD
The pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the mentioned resistance targeting 1.3060 then 1.3165. The bullishness remains valid as far as stability is seen above 1.2890 – 1.2860. 
The trading range for today is among the key support at 1.2810 and the key resistance at 1.3165..The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSD
The 50% Fibonacci level at 1.5215 showed a strong stance against the pair’s attempts to descend, where trading has rebounded to the upside. Stochastic is showing clear oversold signs, thereby encouraging us to maintain yesterday’s expectations. We expect a bullish intraday move that targets initially 1.5450 and requires a base to be built above 1.5155.
The trading range for today is among the key support at 1.5155 and the key resistance at 1.5450..The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
The pair is close to completing the bullish technical pattern after fluctuating once again around 87.20, shown below. This pattern alongside the positive crossover on Stochastic, support our expectations for a bullish intraday move that requires a clear breach of 87.20 heading towards 88.00 then 89.15. The breach of 86.60 will pave the way to resume the bearish short term direction without the need for any bullish correction.
The trading range for today is among the key support at 85.95 and the key resistance at 89.15..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
Yesterday’s resistance level at 1.0545 held against the pair, accompanied by negative signs on Stochastic, where yesterday’s suggested scenario remains intact. Therefore, we expect a bearish intraday trend initially targeting 1.0400 that requires four-hour closing below 1.0545.
The trading range for today is among the key support at 1.0400 and the key resistance at 1.0600..The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCADA bearish technical pattern appears over four-hour basis below, where the pair’s neckline is at 1.0495. This pattern in addition to the strength of 76.4% Fibonacci correction that appeared yesterday are factors that make us expect a bearish intraday trend, which will start with the breach of the mentioned neckline to pave the way towards 1.0365. We point out that any stability above 1.0580 will cause the expected bearishness to fail.
The trading range for today is among the key support at 1.0365 and the key resistance at 1.0675..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