EURUSD
The pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to stabilize below 1.2830; thus, making us hold onto yesterday’s scenario. We expect a bearish intraday direction starting its targets at 1.2730 and then attempt to breach it to pave the way towards targets after reaching 1.2520. It is vital will remain intact below 1.2950 to resume these expectations. 
The trading range for today is among the key support at 1.2520 and the key resistance at 1.2950.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 below support for the previously breached bullish channel to stabilize below SMA 50; therefore, the yesterday’s suggested scenario will resume. We expect a bearish direction over an intraday basis, although achieving it requires two main factors; first, a clear breach of 1.5530, second is building a base below 1.5600. Technical targets start at 1.5360.
The trading range for today is among the key support at 1.5360 and the key resistance at 1.5710.The short term trend is to the downside as far as 1.6070 remains intact with targets at 1.3800.
USDJPY
The pair is trading within a sideway range since the week started between 85.70 and 85.15, where momentum indicators are currently neutral as chances of resuming some negative pressure for a new retest of the previously breached resistance that has turned into support at 84.55. We recommend observing trading today, especially for mentioned sideway ranges that hold the keys to insuring the upcoming intraday trend for the pair.
The trading range for today is among the key support at 84.00 and the key resistance at 86.90.The short term trend is to the downside as far as 91.55 remains intact with targets at 82.60.
USDCHF
The pair achieved a strong descend yesterday touching support for the sideway bearish channel, keeping in mind yesterday’s closing was above this support hat has currently declined to 1.0305. Momentum indicators are showing positive signs that encourage us to expect a bullish intraday direction, starting targets at 1.0460 and extend to 1.0600. We point out the importance of the daily closing stabilizing above 1.0305 to maintain chances of resuming these expectations.
The trading range for today is among the key support at 1.0200 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 1.1730.
USDCADThe pair strongly pushed to the upside after building a base on the initial key target at 1.0260, although trading remains within the bearish short term channel range shown above. Momentum indicators enter overbought areas and thereby support trading continuing within the bearish channel mentioned. We expect a bearish intraday direction that depends on two factors to prevail; first, clearly breaching and stabilizing below 1.0345, second is building a base below 1.0455.
The trading range for today is among the key support at 1.0195 and the key resistance at 1.0590.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