EURUSD
The pair continues its positive bullish pressure stabilizing trading above 50% and below 61.8% Fibonacci correction, while ongoing signs of a bullish trend appear as its neckline meets with 61.8% at 1.2995 accompanied by positive signs appearing through the stochastic. These factors encourage us to expect an expected bullish trend this week that will start its key targets at 1.3255. As long as a base is built above 1.2425 will maintain chances of making this scenario intact. 
The trading range for today is among the key support at 1.2650 and the key resistance at 1.3360.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSD
The pair continues trading within the main bullish channel shown in the image below, while nearing a complete correction for the bearish wave that had started from 1.5495. This level forms a critical resistance level for the pair’s short term trend, where breaching it will pave the way towards achieving more expected bullish direction over an intraday basis. Technical targets start at 1.5695 then 1.5780, but keep in mind that breach of 1.5360 could postpone achieving the awaited targets.
The trading range for today is among the key support at 1.5235 and the key resistance at 1.5780. The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
The pair stabilized below resistance for the mean bearish direction that has been breached temporarily, shown in the image below. The pair is close to touching this level’s resistance for the bearish direction at 88.00, accompanied by Stochastic which is nearing overbought areas; therefore, we expect a bearish trend for this week that targets 84.75 primarily and requires the daily closing to remain below 89.60.
The trading range for today is among the key support at 85.00 and the key resistance at 89.60.The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair is trading within a sideway range since the middle of this month, where it has stabilized below 61.8% Fibonacci correction that had been previously breached at 1.0610. Stochastic is gradually nearing overbought areas and therefore we expect an exit near the current sideway range by breaching its support at 1.0395. IN overall, we can expect a bearish trend this week that targets 1.0200 chiefly and requires the daily closing to remain below 1.0670.
The trading range for today is among the key support at 1.0200 and the key resistance at 1.0770.The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
USDCAD
The 76.4% Fibonacci correction maintained its stance in front of the pair’s attempt to ascend and reverse to the downside, forming the second top for the bearish technical pattern where its suggested neckline is around 1.0270. Trading has stabilized below SMA 50 and therefore causing us to expect more negative pressure on the pair; therefore, we can expect a bearish overall trend for this week targeting initially are around 1.0135. The breach of 1.0495 will weaken chances of achieving these expectations for this week.
The trading range for today is among the key support at 1.0050 and the key resistance at 1.0580.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