EURUSD
The pair stabilized trading below 1.2770 – 1.2730 and thereby pointing out that it will resume the bearish short term trend after the temporary ascend that has started on the 24th of last month. Some fluctuation and slant is currently expected to the upside due to the positivity of momentum indicators, but in overall we can expect a bearish intraday direction that requires a clear breach of 1.2675; additional to building a base below 1.2775. The awaited technical targets start at 1.2520. 
The trading range for today is among the key support at 1.2520 and the key resistance at 1.2775.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
GBPUSDThe pair found support around 1.5290 thereby pushing it to the upside once again, above minor support that has currently ascended towards 1.5350. SMA 50 is still negatively pressuring the pair, accompanied by the stochastic entering overbought areas and therefore making us expect a bearish intraday direction; targeting 1.5180 initially and requires the daily closing below 1.5435 to prevail.
The trading range for today is among the key support at 1.5180 and the key resistance at 1.5460.The short term trend is to the downside as far as 1.6070 remains intact with targets at 1.3800.
USDJPY
The pair continues its negative pressure to stabilize below pivotal support 84.05 and calmly head towards support for the bearish channel, which controls present trading. The positive momentum appearing through the four hour chart could push it towards 84.05 before heading towards continuing the expected bearish trend today; initially targets start at 82.50. Keep in mind that the pair stabilizing above 84.05 could postpone achieving the suggested bearish targets.
The trading range for today is among the key support at 81.60 and the key resistance at 85.05.The short term trend is to the downside as far as 91.55 remains intact with targets at 79.60.
USDCHFThe pair returned within the falling wedge appearing through the image above, where this pattern alongside oversold signs appearing through momentum indicators support the pair heading towards resistance for the bearish channel around 1.0230. Therefore, we expect a bullish direction for today that requires trading to stabilize above 1.0060 to prevail.
The trading range for today is among the key support at 0.9915 and the key resistance at 1.0230.The short term trend is to the upside as far as 0.9975 remains intact with targets at 1.1120.
USDCADThe pair built a base above support for the previously breached ascending channel, which currently is moving towards 1.0450; however, the retest level is facing the breached technical pattern at 1.0485 that could witness strong resistance in front of the pair, supported by SMA 50 alongside the negative momentum appearing through momentum indicators. Meanwhile, some fluctuation could be spotted between 1.0450 and 1.0485 until the pair is able to rid of negative momentum that has been mentioned, then head towards resuming the bullish intraday trend; chief targets start at 1.0565 then 1.0655. It is vital that the daily closing is above 1.0450 to maintain the expected bullish trend intact.
The trading range for today is among the key support at 1.0395 and the key resistance at 1.0655.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