EURUSDThe pair is finding a hard time surpassing the pivotal resistance of 1.2990, fluctuating below this level and above resistance for the previously breached bullish channel. This fluctuation has helped the pair to gain bullish momentum that we think is enough to push it towards achieving the expected bullish intraday direction. Key targets are around 1.3165, where we require the daily closing above 1.2945 to prevail. 
The trading range for today is among the key support at 1.2885 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.
GBPUSDThe pair succeeded in achieving the bullish trend scenario suggested yesterday achieving a daily closing above resistance 1.5495, whereas overbought signs keep appearing on momentum indicators that may force the pair to attempt a minor bearish correction. In overall, we await more expected bullish intraday movement that targets mainly resistance for the bullish channel 1.5700. These expectations require the daily closing above 1.5495 to prevail.
The trading range for today is among the key support at 1.5360 and the key resistance at 1.5805. .The short term trend is to the downside as far as 1.5590 remains intact with targets at 1.3800.
USDJPY
The pair continued it’s ascend yesterday to touch the retest level for support for the previously breached rising wedge that has also met with the retest level for the breached minor bullish channel as well. Accompanying this is reaching overbought areas that clearly appear through momentum indicators, thus encouraging us to expect a bearish intraday direction, where its first target is around 86.80. It is vital that the daily closing is below 88.00 and thereby maintaining chances of achieving the expected descend for today intact.
The trading range for today is among the key support at 85.35 and the key resistance at 88.80..The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
USDCHF
The pair stabilized above resistance for the sideway range 1.0560, but we notice signs of a rising wedge pattern that we expect will push the pair towards revisiting the bearish trend once again. Momentum indicators combine to show negative signs that support expectations for the bearish intraday direction; targeting primarily 1.0390. It is vital that the daily closing is below 1.0670 to maintain expectations intact.
The trading range for today is among the key support at 1.0390 and the key resistance at 1.0670..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 after touching levels around 1.0250, but as we notice through the image above, the pair pushed to stop at 1.0380 that represents the previously breached support that has turned into resistance. Stabilizing below this level will maintain chances of the bearish trend scenario prevailing shown yesterday intact; therefore, we can expect a bearish intraday direction that will start its technical targets at 1.0280 then 1.0180.
The trading range for today is among the key support at 1.0180 and the key resistance at 1.0440..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